Situated within the new Maroochydore CBD, Australia's first truly 'smart city', Foundation Place offers and opportunity to acquire the Sunshine Coast's premier office asset with the following investment highlights:
+ Situated within the new Maroochydore CBD, a $2.5b billion greenfield development which features Australia's fastest and newest international data submarine broadband cable and first automated underground waste collection system.
+ Fully leased, newly constructed 5,426 sqm A-grade office, underpinned by secure tenant covenants.
+ Expectional asset characteristics including floor to ceiling glass, end of trip facilities, high quality retail and rooftop entertaining area offering panoramic views of the Sunshine Coast skyline.
+ Excellent financial fundamentals with low incentive profile and stable net effective cashflow representing a 3.35 year WALE profile by income, with no lease expiries until 2025.
+ High calibre of tenants including banking, engineering, retail, government with approximately 72.5% of the income derived from AA+, AA1 & AA+ rated State Government, Multinational or ASX-listed occupants.
+ Contemporary architectural design and market leading sustainability credentials, reflecting a 5-star NABERs energy rating; the first private commercial building rated at this level on the Sunshine Coast.
Foundation Place, Maroochydore is offered for sale via Expressions of Interest closing 3:00pm (AEST) Thursday 29 February 2024
*All metrics are approximate and as at 1 March 2024.
