The subject property is a high profile 1,332m²* former car yard site.
The property is positioned prominently on the corner of Ferry Road and Winchester Street, Southport. Ferry Road is the Commercial Gateway that connects the Southport CBD to the Southern Gold Coast areas. The subject property boasts a 44 metre* frontage to Ferry Road and 23 metre* frontage to Winchester Street. The site enjoys prime exposure to both south bound and north bound traffic.
The previous use has been for a vehicle sales / display yard. It is improved with bitumen hardstand and a small demountable sales office.
The site is highly exposed to traffic and enjoys over 35,000* passing vehicles per day.
| Sales Analysis* | |
| Net Lettable Area: | 1,332m² |
| Vendor: | Private Company |
| Sale Date: | 29th September 2014 |
| Enquiries: | 11 |
| Sale Process: | |
| Process: | Private Treaty |
| Marketing Time Frame: | 1 week |
| Marketing Budget: | Nil |
| Sales Price: | $1,150,000 |
| Rate per square metre: | $863.36/m² |
The subject property underwent a valuation process, which resulted in setting the reserve price at $2,150,000. A well-executed marketing campaign and robust competition during the auction led to the property’s sale at an outstanding price of $4,300,000, which is double the reserve. The property, situated on Morayfield Road, serves as … Read more
Ray White as exclusive agent is pleased to offer for sale the freehold interest in 99 George Street, Beenleigh QLD…