Case Studies

7/45 Canberra Street, Hemmant

An Owner/occupier has purchased this 262m²* office/warehouse strata in Hemmant.
Due to the lack of quality strata properties currently on the market, the property was purchased with a lease in place acting purely as holding income until the purchaser wishes to take up occupancy.

The building consists of 62m²* of quality office over two levels and 200sqm* of clear span warehouse. Dual roller doors offered the unique opportunity for drive through access.

The sale price achieved equates to $1,798/m² which is inline with current average market prices. The marketing budget included a priority internet listing, professional photos and a 6ft x 8ft signboard. The marketing campaign generated a number of enquiries, the majority off the signboard by neighbouring strata estates. However the purchaser of the property viewed the listing on and contacted the office for inspection.

Sales Analysis*
Building Area:264m²
Vendor:Private Investor
Sale Date:31/03/2014
Sale Type:Vacant possession
Sale Process*
Marketing Time Frame:90 days
Marketing Budget:$2,932.00
Days on Market:30 days
Sale Price:$470,000.00


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