12/2-4 Flinders Parade

North Lakes QLD 4509

An exceptional investment opportunity strategically positioned in the heart of the Moreton Bay region, one of the largest (3rd) and fastest (5th) growing local government areas in Australia. The Moreton Bay region also has the 3rd largest number of residential dwellings of any local government area in Australia.

Situated 28 kilometres* north of Brisbane CBD, North Lakes has emerged as the most vital residential, retail and business destination in the region. This new 'Central Business Hub' has attracted long-term investment from multi-national companies, major retailers, government and local business.

Located just 1.8 kilometres* to Westfield North Lakes and 250 metres* to Bruce Highway (M1), and close to shops, schools, healthcare infrastructure, Moreton Bay/Beach, bush reserve, sporting facilities, train station, and cycleway.

- 1,382m* NLA office building completed in 2015, offering considerable tax depreciation benefits.
- 46 secure basement car parking bays providing an exceptional ratio of 1:30m* NLA.
- 100% leased with a 2.36 year* WALE.
- $633,173* per annum Net Operating Income.
- NABERS Rating - Currently an 'Exception'.
- Multi-tenanted building with 5 strong covenant tenants, with landlord friendly net leases including bank guarantees, providing a diverse income stream and defensive cash flow.
- Huge potential for future rental growth due to strong tenant demand coupled with constrained new supply (the economic rent required for it to be feasible for developers to deliver new supply has increased significantly over recent years due to the increased construction and funding costs combined with softer capitalisation rates).

For sale via Expressions of Interest campaign closing Wednesday 30 October 2024 at 4.00pm (AEST).

*Approximately (radial km)
Image outlines/labels indicative only