Richlands
$1,670,000
Other:
- Property ID#318993
- LocationRICHLANDS
- StateQLD
- StatusWithdrawn
Australia Post Portfolio - Richlands
In March 2008, Ray White Invest picked up the portfolio of mail distribution centres from Australia Post. The fund manager then on-sold the properties to separate private buyers for a total of $14.65 million over the course of the year. These sales reflected an average passing yield of 6.73 per cent. Rick Bird from Ray White Transact negotiated three / four of the deals, totalling $5.523 million. Ray White Invest were very pleased with Rick’s efforts to sell the assets in a very challenging market. The strategy of tailoring the product for the private investor market served them and their investors well.
Client Testimonials
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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.
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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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