38 Southgate Avenue Cannon Hill QLD 4170

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