Case Studies

88-90 Bundall Road, Bundall

The Subject Property has a total land area of 3,618m²* with a commanding 55m* frontage to Bundall Road.

The site is improved by two tenanted front Retail Showrooms, 2 rear (1 leased/ 1 vacant) warehouses and a vacant former restaurant. The subject property has a total lettable area of 1,554m²*, of which 898m²* is currently leased (57% of total lettable area).

The leased areas provide a current holding income of $200,000.00 with leases having demolition clauses in place for redevelopment purposes.

The property is located in the Gold Coasts premier Bulky goods / showroom precinct Bundall. Masters Home Improvement is being constructed on the northern adjoining three blocks which will serve as a drawcard customer hub benefiting the Subject Property.

Sales Analysis*
Land Area:3,618m²*
Vendor:Private Company
Sale Date:14th November 2014
Enquiries:26
Sales Process*
Process:Auction
Marketing Time Frame:4 weeks
Marketing Budget:$12,290.00
Sale Price:$3,500,000
Rate per square metre:$967.38/m²*

*approx

0
Up to Date

Latest Case Studies

  • 389 Morayfield Road, Morayfield

    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

    Read Full Study