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Location

The property is located at Brisbane Airport within the Export Park Estate, approximately eight kilometres from the Brisbane CBD. The property is well situated with good access to the city and the Gold Coast via the M1 Pacific Highway.

Description

The property was constructed in 2004 and consists of a single-level office with warehousing facilities to the rear.

Asset summary
as at 31 December 2019
Title
Leasehold
Site area
12,483 sqm
Lettable area
3,431 sqm
Occupancy
100 %
WALE (by income)
3.2 years
Major tenant
Cargo Transport Systems
Valuation summary
Book value
$ 3.2 m
Valuation date
31-Dec-19
Cap rate
7.89 %
Discount rate
7.25 %