Adjoining industrial sites housing a long standing Noosa business has sold via an “Offers to Purchase” marketing campaign by Ray White Commercial Noosa. The combined properties were sold for $1,125,000 + GST by Commercial Consultant John Petralia and Principal Paul Forrest to an interstate investor who is a regular visitor to the Sunshine Coast.
The property is located in Rene Street Noosaville, which is the main road that cuts through the industrial estate.
As the campaign was conducted just prior to the federal election there was an uncertainty in the market and interested parties were indicating their pricing was below the seller’s expectations.
The final price came about after numerous offers and counter offers by the top two interested parties and the sellers. A very detailed due diligence (requiring a high level of assistance by John and Paul) then followed and the contract eventually went unconditional.
The buyer has commented on the professionalism of the Noosa office staff in handling the whole process and has indicated his willingness to work with us on future deals.
|Method of Sale:||Offers to Purchase|
|Marketing Time Frame:||5 weeks|
|Sale Price:||$1,125,000 + GST|
This prominent 502m²* industrial / retail tenancy became available for lease in January 2014 but presented very poorly, mainly due…