VALUE-ADD INVESTMENT OPPORTUNITY OR OWNER OCCUPIER

87 Ipswich Road, Woolloongabba, Queensland 4102

Office For Sale

For Sale
Land Area: 5,562.00 m2.    Floor Area: 4,577.00 m2.    

Description

• Highly exposed site in a strategic growth corridor (within the ‘Greater CBD’ Area) less than 2km from the Brisbane CBD.
• Underutilised 5,562m² site offering multiple exit opportunities (development or expansion).
• Modern 4,577m² NLA office building offering large ~1,600m² NLA floor plates and 133 car parking spaces (ratio 1:34m²). 1.5 star NABERS Energy rating.
• Secure holding income with 100% leaseback to Tabcorp Holdings Limited (ASX: TAH) until 31 December 2019. Commencing Net Income $2,090,219 p.a.
• Set to benefit from large fully funded infrastructure projects including Cross River Rail ($5.4B) and Brisbane Metro ($944M), given the site’s proximity to proposed new stations and infrastructure.
• Proximity to major health and research infrastructure including the Princess Alexandra Hospital, Mater Private Hospital, Lady Cilento Children's Hospital, Translational Research Institute (TRI), Pharmacy Australia Centre of Excellence (PACE), and the Ecosciences Precinct.
• Concept development plans for a second 6-storey office building on the site comprising 4,905m² NLA with ~1,030m² NLA floor plates (STCA).
• Outstanding Public Transport connectivity and surrounding amenity.

Features

  • Underutilised 5,562m² site
  • 4,577m² NLA office building
  • 133 car parking spaces (ratio 1:34m²)
  • 100% leaseback to Tabcorp 31 Dec 19
  • Plans for second 4,905m² NLA building

Specifications

NABERS Rating 1.5 - Star NABERS Energy rating

Map

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