CASE STUDY
SOLD | 59 Evans Drive, Caboolture PRICE $4,100,000
SIZE 1,384m2
SOLD April 2024
YIELD 5.95%
Knowing that the owner’s desired outcome was to sell the property upon completion of construction, Chris and Troy focused their efforts on attracting both owner-occupier and tenants. They successfully negotiated a lease agreement with a Government department for $276,800, which reflected $200m2 gross. While the gross lease added an element of difficulty with the investment sale, the strength of the Government tenant combined with strong supporting evidence, gave an investor the confidence to purchase the property at a sub-6% yield. Understanding what impact lease structures have on buyer perception played a critical role in achieving this outcome. The supporting evidence and ability for Chris and Troy to speak with confidence to the asset and the region proved critical in establishing buyer confidence.
Chris Massie
Troy Sturgess
Director
Sales & Leasing Executive
0412 490 840
0432 701 600
chris.massie@raywhite.com
troy.sturgess@raywhite.com