Case Studies

33, 33a Rene Street, Noosaville

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.

Sales Analysis*
Method of Sale:Offers to Purchase
Marketing Time Frame:5 weeks
Sale Date:1/11/2013
Sale Price:$1,125,000 + GST
Passing Yield:9.9%


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