![]() Asset Class: | Multi-Tenanted |
![]() Price: | $ 19753000 |
![]() Net Yield: | 6.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
Presenting an outstanding tenanted investment opportunity, strategically located in tightly held position in Stafford’s commercial district near the corner of Stafford and Webster Roads. <br><br>Stafford Services Hub is a prominent new office/medical development conveniently located only 6km North of Brisbane’s CBD. The architecturally designed 2-storey tilt panel building features a 51-meter frontage to Stafford Road offering direct exposure to more than 37,000 cars daily in one of Brisbane’s leading suburban retail precincts, which is home to sub-regional shopping centre Stafford City, Bunnings Warehouse, Woolworths Everton Park, and the new Everton Plaza retail development.<br><br>Secured by 7 year leases to 2030 and strong income growth via 2.5% and 3% annual rent increases, the 2023 constructed asset provides long term security, coupled with huge depreciation benefits and considerable improvements.<br><br>This investment offers investors the opportunity to secure a well presented and strong performing asset with 2 reputable tenants. Don't miss the chance to capitalise on this trophy investment opportunity to purchase a tenanted investment in a fully developed area with minimal option ever available.<br>
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The area of Stafford is characterized by a high-growth local economy, increasing household and disposable incomes, new housing and accessible schools and hospitals. Stafford is an upper-market middle ring suburb of Brisbane, located only 6km north of the CBD. <br><br>The locality is evolving rapidly, with strong growth in new businesses and a median house price that has grown by more than 38% over the past year. According to Realestate.com.au, the current median house price in Stafford is $925,000. The site has a highly visible position, being a prominent parcel of land fronting the commercial precinct on Stafford Road, near the intersection of Stafford and Webster Roads, centrally located to the suburbs of Grange, Gordon Park, Stafford, Everton Park, Enoggera, Stafford Heights, Kedron, Wavell Heights and Chermside. The prominent and elevated position on Stafford Road creates vital branding and advertising opportunities for the tenants within the building. The site is highly accessible from both major approach directions (east and west), however, vehicular access to the completed development will be by left turn only from the west bound lanes of Stafford Road.
Additional Location Information FileThe premium Commercial and Medical building is to be leased by RSLQ & DVA under separate 7 year leases with 2 x 5 year options respectively. Both tenants are at the peak of their sectors and the service offerings that are proposed for the site with be widely available to the community, which has a unique demographic as a result of the proximity to Gallipoli Barracks, one of Australia’s largest military bases.<br><br>RSL Queensland provides a wide range of services and programs to support our Defence family in real and practical ways, ranging from employment services, advocacy, financial support, training, accommodation and wellness programs. In a coup for the development, RSLQ also plan the delivery their Mates4Mates charity service from the site, providing physical rehabilitation and psychology services, skills and wellbeing programs and social connection activities for defence force veterans and their families. The design of the project is informed and responsive to the needs of this anchor tenant.<br><br>The Department of Veterans’ Affairs (DVA) is a department of the Australian Government, providing support, services and information for veterans and their dependents, serving and former Australian Defence Force members and others. The range of government services DVA provide to the community include financial services and support, health care, rehabilitation, mental health care, help returning to civilian live, commemoration and recognition, home care assistance and historical information services. The combination of RSLQ and DVA offerings within the Stafford Services Hub development is a positive outcome for each of the tenants and for the community in general.
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Additional Financial Information FileInitial Term:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">Large 3,665m2 land holding of District Centre zoned land, with long term development upside given you can increase height, etc.</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">RSL aren’t being charged for their ~194m2 balcony, which one day could be enclosed and leased, increasing the overall NLA/ Income.</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">RSL are on a cheap rent, so there is overall net income upside if they were to leave and the space be released (or upon lease market reviews happening).</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">Large prominent 51 m street frontage on a very busy road (35k+ cars daily)</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">Abundance of on-grade car parking (76 cars) which all tenants desire.</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;padding-left:0px;">Both tenants are known to be ‘sticky’ – they typically stay for all of their lease options after their initial term and for a very long time.</span></p></li></ul>