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29 Helen Street has been carefully designed to be the ultimate character HQ providing a turnkey solution to one of Brisbane's prestigious suburbs, and locationally unbeatable.
The aggressive pricing target set at the start of the sale campaign led to successfully being able to extract maximum value at the final stage of negotiations. With the sitting tenant vacating the building, we advised the owner there was a genuine opportunity to unlock the true value of the property. Considering this, Patona Property undertook a cost-effective sale campaign that had measurable cut through – generating buyer enquiry & engagement well-above the market average.
By identifying the opportune time to secure the value uplift, Patona Property was able to secure our client – the seller – a $3.5m profit over 2.5yrs, representing an impressive 65% total return.
29 Helen Street, Teneriffe
Land Area: 835sqm
NLA: 1,460sqm
Zoning: MU1 Mixed Use (Inner City)
Occupancy: Vacant possession
Purchase Price: $10,800,000
Sale Rate / Sqm (Land): $12,934/sqm
Sale Rate / Sqm (NLA): $7,397/sqm
Owner profit: $3,500,000 (over 2.5 years)
Total Return: ~65%