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Case Studies

102 Hill Street, Newtown

IGA REGIONAL INVESTMENT QLD

Located in the inner city suburb of Newtown, Toowoomba, 102 Hill Street is surrounded by residential properties, private and public schools, churches and day care centres.

Mark Wynhoven, took the approach of firstly running a leasing campaign to attract tenants to newly created tenancies at the front of the complex totaling 175m2. With Elite Cyrotherapy quickly taking up part of the space available, the decision was made to go to market. Running a National Campaign across two major mediums being online – realcommercial.com and commercialrealestate.com – and national press, Mr Wynhoven received in excess of 45 enquiries from all over the country with the successful buyer already being well versed in the management of
shopping centre complexes.

The strength of the lease of the Anchor Tenant attracting higher yields as well as the quick leasing of part of the new space helped make the decision to purchase easy.

• National Campaign
• Headline Price Acheived
• Attractive Anchor Tenant

Sale Analysis
Sale Price:$2,525,000
Sale Date:30 August 2019
Site Area:4,025sqm
Rate/sqm:$627.33sqm
NLA:930sqm
Building Rate/sqm:$2,717.05sqm
Net Income:$255,467.14
Sale Process:Private Treaty
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