 Asset Class: | Office |
 Price: | $ 1851996 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Presenting an outstanding tenanted investment opportunity, strategically located only 3 Kms from the Brisbane CBD. <br><br>This is rare opportunity for all investors who are looking to purchase an investment within the highly sought after inner-city suburb of Newstead. Situated in the constantly evolving Newstead commercial precinct,<span style="color:rgb(51, 51, 51);"> this first-class office asset is underpinned by a recently extended 5-year net lease with further 3 years options to </span><span style="color:rgb(51, 51, 51);"><b>Multi-National Tenant, Interface who have been occupying the premises for the last 10 years plus</b></span><span style="color:rgb(51, 51, 51);">. It also boasts landlord friendly 3.5% annual increases. </span><br><br>Don't miss the chance to capitalise on this fantastic opportunity to purchase a tenanted investment in a fully developed area with minimal option ever available. <br>
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<b><u>Brisbane 2032</u></b><br><br>The Brisbane 2032 Olympics have the potential to catapult the city into a new era, much like the transformative impact that the 2000 Sydney Olympics had on its host city. By investing in infrastructure, promoting tourism, fostering economic growth, enriching its culture, and improving the overall quality of life, Brisbane has a unique opportunity to become “Sydney 2.0” – a vibrant, global city with a bright future ahead. The economic boost of hosting the Olympics can stimulate the local economy by attracting visitors, sponsors, and investors. This boost in economic activity can create a foundation for sustained growth in various sectors, including tourism, sports, and technology. If Brisbane successfully leverages the economic opportunities provided by the 2032 Olympics, it could experience post-Olympic economic growth similar to what Sydney experienced in 2000. <br><br>We are already experiencing the benefits with developers around the country flocking to the “Gabba Olympic Precinct” purchasing amalgamated sites to develop large-scale projects comprising thousands of mix-use apartments in the immediate precinct. This is evident by outlining just a few Development Approved projects, the Hampton Yards development (787 apartments), 37 & 27 level towers- Nuage development (582 apartments), and the 3,419sqm site at Trafalgar Street & Logan Road purchased for $20.5m (October 2023) to Taiwanese developer- Shayher. <br><br><b>$8.1 billion in total benefits for Queensland and $17.61 billion total benefits for Australia broken down by: </b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Social benefits of up to $3.5 billion for Queensland and $9.11 billion nationally through factors such as health benefits and volunteering benefits. </span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Economic benefits of up to $4.6 billion for Queensland and $8. 5 billion for Australia.</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The creation of 91,600 Queensland full-time equivalent (FTE) jobs and 122,900 FTE nationally an uplift in international tourism and trade worth an estimated $4.6 billion for Queensland and $8.5 billion nationally.</span></p></li></ul>
Additional Location Information File<b>Interface</b><br>Website: <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.interface.com/AU/en-AU.html"><u>Interface Commercial Carpet Tile & Resilient Flooring</u></a><span></span><br><br><br>
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Subject Property: $485 Per Sqm Rental Rates for 33 Longland Street Newstead QLD 4006 Level 2 – Renewal (03/2025) 299m2 $740/m2 Gross 5 Years Level 3 – Existing fitout, new furniture (12/2024) 123m2 $730/m2 Gross 3 Years Level 2 – Renewal (10/2024) 215m2 $730/m2 Gross 3 years Level 1 – Near new fitout (12/2024) 215m2 $730/m2 Gross 5 Years Level 1 – Existing Fitout (10/2024) 145m2 $730/m2 Gross 3 Years
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Longstanding Tenant: Tenant's since last 10-12 years</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Highly sought after position in the heart of Newstead close to major entertainment and lifestyle precincts: Just 3 Kms to Brisbane CBD</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">229sqm of quality office space on the 3rd floor</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">2 balconies giving approx. 32sqm usable balcony space with sweeping views</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Efficient professional layout including Entry, boardroom, executive suite and open plan work areas, Kitchenette, 2 internal Bathrooms and Storage</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High ceilings & natural light throughout 4 onsite, 2 offsite Carparks</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Brand New 4 year lease from 1st January 2025</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Ideal Investment with secure long term international tenant (Interface), and potential capital growth with the impending Brisbane Olympics</span></p></li></ul>
