USED CAR DEALER REVVING UP NORTHERN EXPOSURE
A NORTHSIDE used car dealer has secured its third property, buying a long-term car yard north of Brisbane before auction.
Auto Request, through director Chris Powley, paid $2.65m for the car yard at 314 Gympie Rd, Strathpine.
Raine & Horne Commercial's Trent Bruce, who struck the deal with Michael Schafferius, said the property was marketed for auction and a conditional contract was signed. "Unfortunately that contract fell through," he said. "There were a lot of developers looking at it as well and the vendor didn't want to entertain protracted terms like DA and council approval."
"The current buyer came up with a cash unconditional contract and we did the deal."
The property is a 4411sqm centre zoned allotment, with a 27m build height allowance, dual access and 50m frontage, facing Strathpine Shopping Centre.
It last changed hands in 2015 for $2.35m when it was bought by the vendor Gold Star Realty.
Established in 2005, Auto Request also has dealerships in Kedron and Petrie.
Mr Schafferius said it was an "opportunistic situation" for the buyer.
"It's been a car yard for as long as I can remember," he said.
Mr Schafferius said Auto Request has already taken over the site and refurbished the building which made it "quite nice".
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