CBRE is pleased to present to market Berrinba Central.
Diverse income profile underpinned by The Queensland Government (48% income and 8 year lease), and further complemented by Lifeline (8 years), Little Snappers Swim School (10 years) and Childcare (15 years).
Recently completed to service the rapidly growing catchment, the asset offers significant depreciation benefits and a tax effective income stream.
Located within the $45mil+ De Luca built Berrinba Central development, the property sits alongside several international and national tenants, including McDonalds & KFC
The continual supply constraints and rise in construction prices places this asset below replacement costs.
Located 24km* south of the Brisbane CBD in the heart of the Logan Catchment, the fastest growing Local Government Area in Queensland, with a growth rate of 4.1% p.a. Berrinba is supported by some of the fastest growing SEQ suburbs including Browns Plains, Marsden, Crestmead and Regents Park.**
Net Income $882,000^ + per annum
Berrinba Central is For Sale by way Expressions of Interest closing Thursday 12th September 2024 at 4pm (AEST).
For further information on this opportunity, please reach out to sales and marketing agent.
*Approximate. ^As at 1 August 2024. **
