Case Studies

3 Roderick Street, Moffat Beach

Mixed Use in Moffat Beach – Shop and ‘Beach House’

The property is mixed use on one title with a commercial tenancy at the front of the property and a separate free standing residential house at the rear.

This fully leased property has been meticulously refurbished with dual incomes and no body corporate fees.

This result was achieved after the owners invested in a comprehensive marketing campaign with enquiry both locally and from Brisbane.

The buyer was a Brisbane based investor who identified the properties exceptional location in the tightly held Moffat Beach commercial precinct.

Also, the mixed use aspect was also appealing as it provides two income streams from the shop and residence.

Sales Analysis*
Method of Sale:Auction
Marketing Time Frame:4 weeks
Sale Date:23/03/2016
Total Enquiry:60
Marketing Budget:$10,244.00
Sold:Under the hammer
Sale Price:$875,000
Tenanted Net Income:$57,566.42 per annum
Yield:6.6%
Bids Received:24
Auction Attendance:4 Registered Bidders
Land Area:405m²*
Building Area:228m²*

*Approx

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