Case Studies

9 and 11 Allen Street, Moffat Beach

Two Properties Selling in One Line – Fully Tenanted Caloundra Investment

Two adjoining lots with a combined land area of 1822m²* were sold under the hammer at auction in one line.

There is a holding income from the seven tenancies including an upstairs refurbished caretaker’s flat and many options for future redevelopment.

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

The Sunshine Coast investor who purchased the property was one of seven registered bidders on the day.

Sales Analysis*
Method of Sale:Auction
Marketing Time Frame:4 weeks
Sale Date:21/04/2016
Total Enquiry:17
Marketing Budget:$6,643.00
Sold:Under the hammer
Sale Price:$920,000
Tenanted Net Income:$63,331.26 per annum
Yield:6.9%
Bids Received:11
Auction Attendance:7 Registered Bidders
Land Area:1,882m²*
Building Area:1,000m²*

*approx

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