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Case Studies

502 Browns Plains Road, Marsden

Tony Grbcic from the Ray White Commercial GC South has sold the Freedom Service Station and carwash situated at 502 Browns Plains Road in Marsden. The property was sold via an offers to purchase campaign and attracted 30 qualified enquiries with 7 on site inspections with the agent

3 written offers were presented to the vendor during the campaign, all from interstate buyers. The agent Tony Grbcic was not surprised at the strong enquiry rate as the the property represented an excellent investment.

The land size of 7181m2 and the road frontage of 106 m2 along busy Browns Plains Road was seen as a big advantage by many of the buyers, as well as the location being next door to the recently developed Woolworths centre said Tony.

Most of the buyers were educated service station buyers that already had other service station holdings. The price paid represented a net yield of almost 7%.

Address:502 Browns Plains Road, Marsden
Listed:22 February 2016
Sale Price:$4,490,000
Sale Date:27 July 2016
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