Case Study: 295 Ti Rakau Drive, East Tamaki

Description:
A large standalone freehold retail complex with excellent exposure and profile onto Ti Rakau Drive

Tenancy(s):
Multiple retail tenancies

Campaign:
Four week Tender campaign.
 
Campaign Strategy:
Total Property full page package was utilised. This featured a colour full 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 profile investors were chosen as the target market

Market Response:
A total of 41 enquiries.
 
Sale Price:
The property sold for $5,400,000 + GST (if any) which represents a 10.2% yield based on the current rental of $550,810 + GST per annum.

 


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