Michael identified an opportunity to acquire both the freehold and leasehold (the property and the business) interests in the iconic and recently refurbished Post Office Hotel in Sandgate. Combining ownership of both the freehold and leasehold provides the new owner with flexibility to expand an already flourishing business through future development of the property, enhancing potential future investment returns. Michael was able to align the opportunity with an experienced client with an existing hospitality business, who saw potential to expand their operations.

Michael had the privilege of acting for a valued client in their purchase of this inter-generational trophy investment, anchored by a Drive Thru Hungry Jacks plus national brand tenants Zambrero, Pizza Hut and Subway. Preparation is the key to success. The property was purchased at auction; however the client was familiar with the asset after Michael identified it as a potential off market acquisition target in the months prior to the auction campaign. This allowed the client to move quickly during the sale process and he entered the auction with confidence and a well-considered game plan. With some strategic advice from Michael during the bidding process including mid-auction negotiations with the vendor's agents, he was able to secure this prime asset without going over budget.