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
CBRE - Brisbane
Waterfront Place Level 3, 1 Eagle Street, Brisbane-City, Qld
JLL - Brisbane
Central Plaza One Level 39, 345 Queen Street, Brisbane-City, Qld
Property ID: 504646200