Ray White Commercial was appointed to conduct an Expressions of Interest campaign to sell 1210 Ipswich Road and 5-11 Hamilton Road Moorooka on behalf of Receivers, FTI Consultancy. The subject property was a combination of commercial and residential parcels totalling 7,815m²*.

The Property offered three street frontage, massive exposure to Ipswich Road and had been used as an outdoor sales yard for automobiles and camping trailers. Given the properties ideal location on the ‘Magic Mile’ and the future options possible, we received a strong level of enquiry. Interested partied included auto groups, developers, private investors and owner occupiers.

 

Sales Analysis*
Method of Sale:EOI
Sale Price:$3,800,000
Marketing Time Frame:6 weeks
EOI Close:6 March, 2013
Enquiries:66
Number of Offers:5
Rate/m²:$486.25

 

*approx