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38 Southgate Avenue,
Cannon Hill, QLD 4170
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For Sale | Expressions of Interest
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CBRE - Brisbane
Waterfront Place Level 3, 1 Eagle StreetBRISBANE CITY, QLD 4000
38 Southgate Avenue
Cannon Hill, QLD 4170
Map of 38 Southgate Avenue
Train stations within 5 km of 38 Southgate Avenue, Cannon Hill, QLD 4170 Distance Cannon Hill Station 416 m Murarrie Station 1.2 km Morningside Station 2.4 km Norman Park Station 3.4 km Hemmant Station 4 km POWERED BY HERE ©Bus stops within 5 km of 38 Southgate Avenue, Cannon Hill, QLD 4170 Distance Wynnum Rd at East Village 247 m Wynnum Rd at Archives 301 m Barrack Rd Near Bombery St 363 m Grenade St Near Barrack Rd 518 m Muir St Near Beauvardia St 569 m POWERED BY HERE ©
POWERED BY HERE ©
Highly Functional Near City Office Investment
- 100% occupied with WALE of 3.35 years*
- Secure income & short-term rental upside
- Within a top performing business park
CBRE & JLL are pleased to present for sale 38 Southgate Avenue, Cannon Hill – a functional modern office asset located in Brisbane’s most in demand and best performing business park underpinned by international, listed tenant covenants.
38 Southgate Avenue offers the following investment highlights;
+ Strong cash flow security offering a 3.35* year WALE, with staggered lease expiries
+ Secure income profile, 100% occupied with a net income of $1,719,788 p.a. plus GST
+ Strong tenant retention with significant tenant expenditure into purpose built fit-out
+ Modern, striking office with 3,489m² of NLA over three levels
+ Favourable lease structures, with all leases structured on a net basis and fixed reviews
+ Unrivalled transport connectivity, being Brisbane’s only business park that is serviced by direct rail
+ Energy efficient asset with 5.0-Star NABERS Energy Rating
+ Generous parking ratio of 1:43, providing 81 car bays
A 100% freehold interest in 38 Southgate Avenue, Cannon Hill is offered For Sale via Expressions of Interest closing 4:00pm (AEST) Thursday, 22nd August 2024.
*All metrics are approximate and as at 1 October 2024
38 Southgate Avenue offers the following investment highlights;
+ Strong cash flow security offering a 3.35* year WALE, with staggered lease expiries
+ Secure income profile, 100% occupied with a net income of $1,719,788 p.a. plus GST
+ Strong tenant retention with significant tenant expenditure into purpose built fit-out
+ Modern, striking office with 3,489m² of NLA over three levels
+ Favourable lease structures, with all leases structured on a net basis and fixed reviews
+ Unrivalled transport connectivity, being Brisbane’s only business park that is serviced by direct rail
+ Energy efficient asset with 5.0-Star NABERS Energy Rating
+ Generous parking ratio of 1:43, providing 81 car bays
A 100% freehold interest in 38 Southgate Avenue, Cannon Hill is offered For Sale via Expressions of Interest closing 4:00pm (AEST) Thursday, 22nd August 2024.
*All metrics are approximate and as at 1 October 2024
Property ID: 504646200Last Updated: 23 Jul 2024
CBRE - BrisbaneWaterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
JLL - BrisbaneCentral Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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