the facts

153-157
GIPPS STREET

ABBOTSFORD

Leased 153-157 Gipps Street Abbotsford TCI - An in depth look behind the scenes of the campaign. We'll explain the pros, the cons, the challenges & the reveal!

THE PROS

Located in Abbotsford with limited supply of warehouses
Combined with showroom/offices
Corner location with large frontage and exposure onto Gipps Street
On-site parking for 4 cars
Refurbished with freshly painted walls
Sealed concrete floor
RSD access

THE CONS

The building was older and could be perceived as such
The warehouse component was a quarter of the total size of the property
Whilst the warehouse component could be increased, it would require building works to do so

153-157 Gipps Street Abbotsford TCI Lease Leased

The Facts 153-157 Gipps Street Abbotsford TCI Lease Leased

THE CHALLENGES

TCI successfully negotiated for the previous tenant to pay Single Holding State Land Tax as part of the annual outgoings
Our goal was to secure a new tenant at an increased rent, as well as one who would continue to pay Single Holding State Land Tax, which would be a challenge in itself

THE REVEAL

Within 2 weeks, TCI secured 2 offers – providing the Landlord the option of their preferred tenant
Following rounds of negotiations, both offers were increased to above the asking rent
The property was subsequently leased at a rent of $89,000 per annum + outgoings + GST on an initial 5 year term, commencing immediately upon expiry of the previous lease
TCI also successfully negotiated for the tenant to pay Single Holding State Land Tax ($8,610) as part of the annual outgoings
The net effective rent was $97,610 per annum + outgoings + GST or $263/m² net, which represented a 16.52% increase in rent, combined with no downtime and no incentive provided to the tenant
Final result being 6.42 times quicker than market average

the facts

market average

0

DAYS on market

RESULT

0

days on market

difference

0

.42

TIMES QUICKER

Campaign performance

DAYS ON MARKET

market EXPECTATION

RESULT

the facts

153-157
GIPPS STREET

ABBOTSFORD

THE PROS

THE CONS

THE CHALLENGES

THE REVEAL

the facts

market average

DAYS on market

days on market

TIMES QUICKER

Campaign performance

DAYS ON MARKET

DAYS ON MARKET

market EXPECTATION

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Sold suite 107/397 Smith Street

Contact

Address

Phone

Email

Menu

Social

the facts

153-157 GIPPS STREET

ABBOTSFORD

THE PROS

THE CONS

THE CHALLENGES

THE REVEAL

the facts

market average

DAYS on market

days on market

TIMES QUICKER

Campaign performance

DAYS ON MARKET

DAYS ON MARKET

market EXPECTATION

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Leased 153-157 Gipps Street

Sold suite 107/397 Smith Street

Contact

Address

Phone

Email

Menu

Social

153-157
GIPPS STREET