Where house, warehouse!
Suburb: Sunshine West, Victoria
Client Type: Commercial Buyer
Service: Search > Assess > Negotiate
Budget: $1,000,000 (preferred)
Purchase Price: $1,075,000
Property: Industrial Warehouse 627m2
Our Brisbane based client needed a commercial warehouse space centrally located and close to their preferred Australia Post Distribution Centre in Western Melbourne. We started the search and shortlisting properties but at the agreed price range were struggling to find properties that ticked all the boxes. We either had to compromise on location or the age of the property.
An agent approached us with a warehouse pre-listing that ticked every box. A fully fitted warehouse and office in a modern, low maintenance new build. It was fitted with all the bells and whistles including a state-of-the-art security system, swipe card access and warehouse racking. Located in the the tightly-held Proximity Estate it is bounded by major thoroughfares including Somerville Road, Boundary Road and Fairbairn Road and offered fantastic vantage points to the Port of Melbourne and CBD via the West Gate Freeway and Western Ring Road.
We knew we had to inspect this property even though it was above our client’s preferred budget. We inspected the property on a Tuesday, after finding out about it on the Monday. Our client flew down on Thursday, inspected it and agreed it meet all their requirements. We agreed a new budget, which was comfortably within their means and put down an offer on Friday. We were up against another buyer and we completed our homework and knew the vendor wanted a quick settlement. We placed a second unconditional offer with a quick settlement of 45 days. And we secured the keys! However, it wasn’t our price that got us over the line, it was our settlement terms. The other offer was of a higher financial amount but with a 120 day settlement. We also negotiated the inclusion of the warehouse shelving which meant our client had minimal fit out cost.
In little over a month we secured our client the perfect property. Our client is very happy and loved the ease of using a Buyer’s Advocate to secure a commercial space interstate.
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