As the property had an under-performing tenant, the vendor was missing the opportunity of an optimal outcome. With the implementation of active management, the lease was terminated and the property offered as vacant possession, increasing the appetite for owner-occupiers.
The tailored marketing strategy encouraged strong interest and resulted in a sale price of $300,000 over the vendor's expectations, which was an outstanding result.
"A combined effort between the vendor and our property management team ensured that the building was presented in the best possible condition on auction day, with the eventual successful bidder an owner-occupier intending to fully renovate the offices/warehouse and utilise the large yard for his construction business." Ian Kilgour