JUST SOLD 33-35 Empire Crescent, Chevallum
33–35 Empire Crescent, Chevallum represented a highly targeted off-market transaction that showcased the value of long-term relationships, buyer qualification and strategic timing Having worked with the vendor group for approximately five years across their assets, we understood this was a high-performing investment that did not need to be sold The motivation was not pressure, but the opportunity to release capital for future acquisitions if the right result could be achieved.
Given the strength of the asset and the owner’s preference to remain off market, we implemented a targeted buyer strategy rather than launching a public campaign Through previous dealings, we had already identified and qualified a cash investor who had missed other opportunities and was positioned to act decisively on the right asset
The property was presented to one highly qualified purchaser, resulting in an unconditional $6,500,000 transaction on a 45-day settlement. The sale reflected a 5.7% yield, underpinned by Sunshine Coast Laundry, a specialised commercial laundry operation and long-term tenant
One of the more complex parts of the transaction involved due diligence around tenant improvements, ownership of infrastructure and understanding base build versus tenant-installed works Coordinating project management input was critical in keeping momentum and giving the buyer confidence to proceed This result highlights the continued demand for premium freehold industrial investments within Chevallum Quality assets with strong tenants, specialised improvements and strategic Bruce Highway connectivity remain tightly held and highly sought after.
This outcome was built on patience, perseverance and a clear understanding of the client’s objectives. Sometimes the best result is not achieved by rushing to market, but by waiting until the timing, buyer and strategy align.
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The Shadforth Commercial Property Team
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