ISSUE 167 | MARCH 2024 | 02 9630 8000 | PAGE 11 BAWDENS ASSET MANAGEMENT Rescuing Business and Maximising Returns In a remarkable turn of events Bawdens found that a tenant that had exercised their option at the agreed market rental could no longer afford the increased obligations to the business and the lease. Bawdens skilfully negotiated the surrender of the lease, demonstrating their commitment to finding a win-win solution for all parties involved. This proactive and client-focused approach allowed the tenant to gracefully exit an unsustainable lease while ensuring the property owner’s interests were protected. Bawdens successfully found a new tenant to take over the premises on a 3-year lease and at an additional $20 per sqm, maximising the return for our client. Bawdens did not stop at lease surrender but seamlessly transitioned into the make-good process, efficiently restoring the property to its optimal condition. The expeditious handling of the make-good not only showcased Bawdens’ proficiency but also highlighted their dedication to minimising downtime for property owners. This success story serves as a testament to the invaluable role that seasoned real estate professionals like Bawdens play in the commercial landscape. Their ability to adapt, negotiate, and strategically position properties in the market showcases the true value of a trusted partner in the real estate industry. Are you looking to sell your property in 2024? With a 100% success rate, utilising this method of sale you will achieve a price better than you expected, which will allow you to realise your new ambitions. Our In-Room auction facility delivers you the highest probability of an exceptional price. Let Bawdens present your property professionally and use our negotiation skills to deliver you the highest possible price. AUCTION WITH US Register your Interest: Call 9630 8000 or contact your preferred Bawdens Agent. We currently support the following organisations: BAWDENS NEWS YLEASED BY Meridian Industries Expands into Wetherill Park A company that specialises not only in heavy duty truck tarp solutions, but also hydraulic repairs for hoists & tippers and custom tipper modification trading as Meridian Industries have leased premises located at 3 Ross Place, Wetherill Park. This freestanding building measuring 1,208m2 on a secured site was ideal for the business to continue its growth strategy. The deal was negotiated by Sales & Leasing Negotiators James Zerefos and Dennis Manalili, on a four-year term with a commencing rental of $259,849.00 pa net reflecting $215.00 psm + outgoings & GST.
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