• Usage: Owner occupier running play business and using the surplus space for storage. Total 2000 sqm tenancy.
• Site not taking full benefit of main road exposure and ample onsite parking
• Existing business was not commercially viable to operate and owner intended to wind down

Greyfield Solution? 

• Introduced a multi national indoor kids playland and cafe who used existing fit out and resulted in minimal landlord incentive and rent free period
• Client purchased site for $6m in 2021.
• Achieved a square metre rate 45% above market ($310/sqm)
• Repositioned storage area into bulky goods / showroom tenancy
• Achieved total rent on the site of $575k gross + GST
• End value of $10.45m by end of 2024, resulting in a net value uplift of $4.45m