449 Logan Road, GREENSLOPES QLD 4120
7.75% net initial yield ($5,770,000)
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- 14 Oct 2016
Fully leased, 4.5 year WALE, State of Queensland Covenant
CBRE Metropolitan Investments are pleased to present 449 Logan Road, Greenslopes to the market for sale.
The property presents the opportunity to acquire a secure fully-leased commercial office investment with long leases to quality covenants. The covenants include; State of Queensland (Government), Job Fit (major shareholder being Singaporean based Fullerton Healthcare Pty Ltd who employ over 8,000 medical providers across 190 medical centres in Singapore, Hong Kong, Indonesia, Malaysia and Australia) and Optus.
449 Logan Road is positioned in a prime location in rapidly developing Stones Corner will underpin future tenant demand and promote growth well in to the future.
- Net Lettable Area: 1,002* sqm
- Site Area 762* sqm
- Net Income: $447,606*
- Weighted Average Lease Expiry of 4.5 years
- Tenants: State of Queensland, Job Fit, Optus and P.M. Lee and Co Solicitors
- 20 car bays
The vendors have given clear instructions to sell the property.
Asking 7.75% net initial yield ($5,770,000)
We encourage all interested parties to enquire with the agents to request an Information Memorandum, Due Diligence information or to arrange an inspection.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
449 Logan Road GREENSLOPES