 Asset Class: | Office |
 Price: | $ 1250000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This is a standout opportunity to secure an exceptional suburban office asset in the heart of Underwood. Spanning 320sqm of net lettable area across seven separate strata titles, this property offers impressive flexibility — with the potential to sell individual titles at sharper cap rates as the market strengthens. Suburban offices maintain vacancy rates comparable to retail but benefit from significantly higher yields, as the market is slower to respond to this recovering asset class. This is an ideal time to take advantage of the market. The property features a quality office fit-out, ample customer parking, and convenient access to Logan Road, with seamless connections to the M1 and Logan Motorways. Anchored by a stable tenant who has occupied the site for 16 years and recently committed to a further 3-year lease, this investment is underpinned by a tenant with 50 years of industry experience. With its simple, low-cost structure and strong yield potential, this asset is perfectly positioned for future growth.
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<b>Underwood, QLD</b> is a thriving suburb located about 20 km south-east of Brisbane’s CBD. It’s part of the Logan City region, strategically positioned along major transport corridors like the Pacific Motorway (M1) and Logan Road, making it a key hub for both residential and commercial activity.<br><br>The area has a growing population, boosted by its appeal to families, professionals, and business owners. Commercially, Underwood is known for its bustling business precincts, with a strong presence of retail, industrial, and logistics enterprises. The suburb benefits from its proximity to larger commercial centres like Logan and Springwood, driving steady economic activity.<br><br>Vacancy rates in Underwood’s commercial property market remain consistently low, underpinned by high demand for industrial spaces and retail outlets. Its strategic location between Brisbane and the Gold Coast enhances its attractiveness for businesses seeking strong transport links and access to key markets.<br><br>Overall, Queensland’s robust economic growth and ongoing infrastructure investment add further strength to Underwood’s commercial property appeal, positioning it as a dynamic and resilient investment destination.
Additional Location Information File<b>NTHSTAR Constructions</b><br><br>We have been in the building industry for over 50 years. Consistently high standard & Dependable approach to building.<br> ’<br> NthStar Constructions Pty Ltd entered the insurance market in 2006, to meet the shortage of builders repairing homes and businesses devastated by Cyclone Larry. We have continued to be a major contributor in repairing homes devastated by the many catastrophes since 2009 when NthStar restructured the business to concentrate solely on insurance repairs. We pride ourselves on personable and professional customer service, as we understand that regular updates are paramount to your satisfaction.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://nthstar.com.au/"><u>https://nthstar.com.au/</u></a>
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<p style="background-color:rgb(255, 255, 255);display:block;"><span style="color:rgb(49, 57, 73);">3 year leaseback at $87,750 + all outgoings covered by tenant (Incl PM fees) with annual increases of the greater of 3% or CPI.</span></p>
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Subject Property: 11-17/3 Fermont Road Underwood - 320sqm - $274sqm (net) 7/3299 Logan Road, Underwood - 56sqm - $279/sqm (net) 37 Brandl Street, Eight Mile Plains - 508sqm - $375/sqm (net) 14 Mount Gravatt, Upper Mount Gravatt - 301sqm - $375/sqm (net) 3950 Pacific Hwy, Loganholme - 128sqm - $450/sqm (gross) 29 Brandl street, Eight Mile Plains - 248sqm - $500/sqm (gross) 96 Mount Gravatt, Upper Mount Gravatt - 360sqm - $500/sqm (gross) 2/2728 Logan road, Eight Mile Plains - 155sqm - $425/sqm (gross)
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Asking Price: $1,375,000<br>Negotiated Price: $1,250,000<br>Net Yield: 7%<br><br>NLA: 320 sqm<br><br>Exceptional suburban offices<br><br>Flexibility across <span style="color:rgb(51, 51, 51);">7 separate strata titles</span><br><br><span style="color:rgb(51, 51, 51);">Ability to sell properties at sharper cap rates future cap rates are forecasted to sharpen (For example; 6.5% net, would make this property valued at $1,350,000)</span><br><br>Suburban offices have vacancy rates comparable to retail but benefit from significantly higher yields, as the market is slow to respond to the recovering asset class<br><br>Quailty office fit out<br><br>Plenty of customer parking areas<br><br>Simple, low cost entry level asset<br><br><span style="color:rgb(51, 51, 51);">Located in the heart of Underwood</span><br><br><span style="color:rgb(51, 51, 51);">Immediate access to the Logan Road and Connecting with the M1 and Logan Motorways</span><br><br>Stable tenant who has been onsite for 16 years and committing to another strong 3 year lease<br><br>Tenant has been in the industry for 50 years<br>
