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1 Lake Orr Drive Varsity Lakes QLD 4227

  • Offices
  • Floor Size6,114 m²
  • PriceExpressions of Interest

High Yielding Commercial Investment with Robust Fundamentals

  • Dominant and impactful commercial asset
  • Diverse income profile
  • Over 96% leased

Cushman & Wakefield are pleased to present 1 Lake Orr Drive, Varsity Lakes to the market for sale via Expressions of Interest closing 4pm Tuesday 24 July 2018.

The property features the following key strengths;

- Dominant and impactful commercial asset in the heart of one of Australia’s lowest vacancy markets
- Modern improvements presenting attractive accommodation, efficient layouts and low operational costs
- Expansive natural light and impressive lake views
- Strong annual review provisions and strategically fragmented expiry profile allowing rental preservation and growth capture
- Diverse income profile from 11 high quality covenants including Telstra Corporation, South Coast Radiology, Fresenius Medical Care, Turner Freeman Lawyers and STA Consulting
- Located within the Varsity Robina precinct with only 7.2% market vacancy and strong projected office demand growth
- Over 96% leased with a fully let net income of $2.33 million per annum
- 5 star NABERS energy rating

*Approx.

For more information or to arrange an inspection, please contact the exclusive agent at Cushman & Wakefield.

EXPRESSION OF INTEREST

Closing date and time24/07/2018 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2014441154
Floor Area6,114 m²
Land AreaAsk Agent
EnergyAsk Agent
Parking190 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  18 Jun 2018
Map for 1 Lake Orr Drive Varsity Lakes QLD 4227
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000

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