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 the primary thoroughfare through Morayfield, offering unobstructed and convenient access to the Bruce Highway. The site was tenanted by “Hudson Hardware,” and with only 16 months remaining on the lease, presented a compelling opportunity for developers seeking to secure the first property upon entering Morayfield and Caboolture. Alternatively, investors could leverage the property’s potential to negotiate a new long-term lease with the current tenant.

Sales Analysis*
Sale date
Local family
17 March 2022
Land area

Sales Process*

$11,618.00 (GST Inclusive)
Sale methodAuction
Marketing period4 weeks
Marketing budget$9,481.07
Owner expectation$2,150,000
Sale Price$4,300,000
Net yield3.72%
Rate per sq m$531/m²*


Jackson Rameau
0438 451 112 |
Ray White Commercial Gold Coast

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