NORTH SYDNEY SPECIALISTS
99 Mount Street, North Sydney. Leased over 5,250sqm of commercial space
Our team implemented a strategy that worked closely with the landlord to create a product with a point of difference through contemporary finishes and design. With a fresh marketing campaign, we split lower floors into smaller suites to capitalise on tenant demand and accommodated requirements for flexible work areas and spec fit-outs. This resulted in a 40% increase in rents and 96% occupancy rate as at August 2017.
41 McLaren Street, North Sydney. Leased with a six-month demolition clause
A major tenant was vacating in July 2017. We implemented a strategy that ensured the landlord left the existing fit-out and furniture and provided advice on what fit-out items should remain. Our team split suites into smaller areas to capture tenant demand and issued a clear, targeted marketing campaign, advertising effective gross rentals which created a surge in enquiry levels. The result? Over eight transactions from 200-740sqm achieved and a 98% occupancy rate as at December 2017.
“Since the appointment of Anthony and his team at 41 McLaren Street in mid-2013, the occupancy has increased significantly from 55% to 98%. Their initial capital works strategy of affordable and effective upgrades attracted 5+ option tenants which have underpinned the building’s cashflow. Anthony has worked tirelessly on building inspections to ensure that the market was aware of all tenancies.I would highly recommend the North Sydney team to represent any landlord’s asset, whether it be whole of life strategy, informing on design and end of trip facilities or the leasing strategy.”
Greg Reed, RBG Services
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