Case Study: 182 Wairau Road, Wairau Valley
A standalone building of approx 3373sqm on prime commercial land approx 9472sqm site area with prominent dual road access from View and Wairau Road.
The property was returning $465,000 pa + GST with SmartPay Cadmus Ltd as the tenant.
Four week Deadline Private Treaty campaign.
Campaign Strategy:
Total Property full page package was utilised. This featured a full colour page in Bayleys Total Property Portfolio, colour display advertising in the New Zealand Herald, internet page, signage and HTML email to personal purchaser database.
Given the quality location and well known tenant in place, investors were chosen as the target market
Market Response:
A total of 81 enquiries.
Sale Price:
The property sold for $5,200,000 representing 8.9% return.