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Location

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

Description

The property was constructed in 2004 and consists of an office/warehouse facility.

Asset summary
as at 31 December 2019
Title
Leasehold
Site area
35,166 sqm
Lettable area
14,726 sqm
Occupancy
61 %
WALE (by income)
0.1 years
Major tenant
CEVA Logistics
Valuation summary
Book value
$ 9.6 m
Valuation date
31-Dec-19
Cap rate
7.89 %
Discount rate
7.50 %