This is a fully tenanted, stand alone property in the heart of Noosaville. The property had been offered to the market for some time, however as the property had been providing the overseas owner with a good return he was not under any pressure to sell and was prepared to wait for an acceptable price.
Paul Forrest and Tracey Ryan consistently provided market feedback over an extended marketing period to the owner. With the direct feedback on his property and several other sales we had achieved in Rene Street the real time market information we provided enabled the vendor to be able to weigh up his options when another opportunity arose for an overseas investment.
It seems patience is a virtue for investors at the moment – our local buyer had been looking for property with us for about two years and had been the under bidder on at least one other property.
Again we just kept sending him information and talking to him as new properties came to the market in the $500,000 range. There had been another offer on this property however after negotiation this buyer secured the property.
While activity is increasing across the board investors and tenants are still chasing extremely aggressive deals. Persistence and patience for buyers and sellers is finally starting to reap rewards.
|Method of Sale:||Private Treaty|
|Marketing Time Frame:||8 months|
|Sale Date:||February 2014|
|Sale Price:||$590,000 + GST|