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Location

The property is located in South Brisbane within the award winning SW1 business precinct, approximately two kilometres south of the Brisbane CBD. It is close to bus, water ferry services and local amenities, such as cafes and parks, all of which are within walking distance.

Description

This property is a two-level underground carpark facility.

Asset summary
as at 31 December 2019
Title
999 year leasehold interest
Site area
9,319 sqm
Occupancy
100 %
WALE (by income)
0.1 years
Major tenant
Secure Parking
Car parking spaces
215
Valuation summary
Book value
$ 30.8 m
Valuation date
31-Dec-19
Cap rate
5.75 %
Discount rate
6.50 %