October 2 2021
The last year has seen some hurdles for commercial real estate throughout the country as lockdowns and restrictions have forced many commercial properties to close their doors or rethink their business strategies.
However, faced with these current obstacles, the Kollosche Commercial team has had an outstanding first year, achieving far more than the business initially expected.
Three notable sales include:
– The Greenmount Beach Hotel in Coolangatta, which sold for $42,300,000 over a productive three-week campaign attracting more than 160 enquiries from high-net-worth investors, fund managers and property developers
– Lot 909 & 915 ‘The Lakes’ in Mermaid Waters, which sold for $32,500,000
– Lot 917 The Lakes’ in Mermaid Waters, which sold to a local buyer after a fiveweek Expressions of Interest campaign for $16,000,000
The extensive marketing campaigns undertaken throughout the year resulted in the acquisition of a significant database of both international and national qualified buyers looking to develop, invest, and/or land bank sites across the Gold Coast and surrounding areas with budgets of up to $100 million.
“I’ve been really impressed and proud to have Team Grbcic join Kollosche last year, we have had some amazing results so far. We are at the tail end of a number of big campaigns – I get the impression that they are only just getting warmed up,” says Michael Kollosche.
Kollosche Commercial agent Adam Grbcic said there had been a substantial increase in demand due to a surge in developers looking at capitalising on the Gold Coast boom primarily brought on by interstate migration. Yet Adam admits it has been even more successful than they had predicted.
“Over the past 12 months, we have had substantial growth due to the ability to streamline the marketing process and access a larger pool of qualified high net-worth buyers through the Kollosche network and database.”
“We have identified there is a shortage of residential units; therefore, we have been focusing on sourcing premium development sites, both with or without development approvals, to assist active developers in meeting this demand,” says Adam.
“We have a great working relationship as a father and son team and our skills complement one another. We have a high level of trust and exceptional communication skills which is a benefit to the vendors we service,” says Adam.
Adam believes that, if over the next 12 months the residential market continues to perform well, more and more investors will look to park capital in high income producing commercial properties.
Buyers, vendors and investors are welcome to reach out to Kollosche Commercial for expert advice or assistance with your commercial asset, including commercial leasing and property management.
For more information, contact Adam Grbcic on 0404 087 772 or Tony Grbcic on 0407 968 667.