Albion

$7,350,000

Other:

  • Property ID#318913
  • LocationALBION
  • StateQLD
  • StatusWithdrawn
  • Albion

Bunnings. Hudson Road, Albion

Ray White Transact negotiated the sale of a retail building leased to Bunnings for $7.35 million on behalf of the owner ARIA Property Holdings. The property had a net rental of $576,378 per annum, reflecting a yield of 7.84%. The property was purchased in October 2004 fir $4.1 million. ARIA International sold the property in order to help fund a push into buying fire sale assests within the US. The property is within close proximity to FKP’s redevelopment of the Albion Flour Mill and is also within close proximity to the Albion Train Station. The site is afforded CBD views from the ground level. The lease to Bunnings expires in 2017. The property was attractive to potential buyers due to its future redevelopment potential. About 20 genuine inquiries were received before the sale was negotiated to two private investors from Brisbane.

Client Testimonials

  • Ken Woodley

    Rick acts very professionally and confidentially in all property dealings. His competent and honest handling of the matters made the negotiation process easy from our perspective.As a result of Rick’s efforts we have engaged Ray White as leasing and selling agents for other properties owned by us. I have no hesitation in recommending Rick’s services as a real estate agent of significant integrity and competence.

  • Ross Nielson

    Rick has handled several successful transactions for us since 1987 and he has been the most capable real estate agent that we have dealt with.Confidentiality has been preserved in all our transactions over the years and this is rare in this business. Of particular note is the approach Rick takes in terms of acting in his clients’ best interest. This has resulted in the premium for us, which in some cases has been beyond our expectation.

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