Ray White Commercial’s Post

Strip retail centre sold to interstate investor for $4.5M by Ray White Commercial A strip retail centre in Brisbane’s inner-south at 212 Cracknell Road, Tarragindi sold for $4.5 million, by RWC Retail’s Lachlan O'Keeffe and Michael Feltoe. Initially taken to market in August 2023 - generating 230 enquiries - the multi-tenanted centre passed in at auction. The property was then under contract for $4.2 million, before subsequently selling to a NSW-based investor this year, which Lachlan O'Keeffe said was reflective of the renewed confidence in the retail market. “We believe this is the second best result in 2024 on a building sale rate basis amongst multi-tenanted retail centres in Brisbane. Together with our sales in Coopers Plains and Ashgrove - which complete the top three - we are continuing to see demand for these centres at record highs." Michael Feltoe added. Read more on COMMO - https://lnkd.in/g6UBd5h9 Shannon Cook Lachlan O'Keeffe Michael Feltoe Regan Killian Pablo Routledge Cassandra Glover James Linacre Nina Clarke #rwc #retail #commercial #brisbanemarket #brisbanerealestate #brisre #realestate #queenslandmarket #commercialinvestment #retailinvestment #commercialmaket