Located just 20km* south of the Brisbane CBD, Logan Central is poised for regeneration and development.
This modern 364sqm* office building on a 1,012sqm* freehold block has excellent exposure on a bustling business strip. The property has 16 on-grade car parks providing clients with excellent access and convenience. The 1,012m²* site is zoned 'Major Centre' with a maximum building height of 30m* (STCA).
The entire property is tenanted by Help Employment and Training, whose current 5-year term expires in June 2026, with an additional 3 year option thereafter. The current lease provides an annual nett income of $167,612* + GST PA from July 2023.
This leased investment provides buyers with secure short/medium term cash flow and ease of management with its sole tenant. However, the office can easily be divided in half with kitchens and amenities available on both sides, giving investors flexibility and safeguarding against potential future vacancy.
Alternatively, developers with a medium/long term view for the Logan area will be well-positioned to take advantage of the strong growth slated for the region in the coming decades. Falling within the Croydon Road Precinct Masterplan, 15 Station Road, Logan Central will experience surrounding streetscape improvement over the short term, while having significant medium/long term development upside.
Features include:
- 364sqm* NLA on a 1,012sqm* block zoned 'Major Centre'
- Well-established tenant business close to target clientele
- Prominent modern building with excellent fitout and improvements
- 16 car parks located at the front of the property.
- Fully leased investment returning $167,612* nett + outgoings + GST PA
- Future development potential up to 30m* under the current Logan Planning Scheme 2015
Offered for Sale by Expressions of Interest.
Contact exclusive agent Benn Woods from Ray White Commercial Bayside for a copy of the Information Memorandum and further details.
