38 Southgate Avenue, Cannon Hill, QLD, 4170, AU

38 Southgate Avenue

Asset description

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.

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Attributes

Building area net

3,489 sm

Occupancy

100%

Land area gross

2,054 sm

Media

Investment highlights

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 Thursday, 22nd August 2024 at 4:00pm (AEST).

*All metrics are approximate and as at 1 October 2024