 Asset Class: | Office |
 Price: | $ 6990000 |
 Net Yield: | 4.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Presenting an exceptional blue-chip investment opportunity in the thriving Underwood commercial precinct. This premium office asset comprises four adjoining strata tenancies totaling 699sqm of net lettable area, fully leased to Uniting Care Queensland until 2029 with options to 2034.</p><p>Built in 2008, this modern office complex features high-quality finishes including 3.6-meter ceilings, excellent natural light, and comprehensive amenities. The property benefits from a strategic location just 19km from Brisbane CBD, with excellent connectivity via the Pacific and Gateway Motorways.</p><p>The investment is underpinned by a strong covenant from Uniting Care Queensland, part of the Uniting Church's extensive community services network. The tenant has demonstrated long-term commitment to the site, having occupied the premises since 2009.</p><p>The asset provides secure income growth through fixed 4% annual increases or CPI (whichever is greater), projecting rental growth from $279,600 to $413,876 over the next decade. With 15 secure basement car parks and additional on-grade parking, this represents an outstanding opportunity to acquire a premium office investment with exceptional tenant covenant and growth potential.</p>
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<p>Located in the established Underwood/Springwood commercial hub, the property benefits from excellent connectivity being just 200 meters from the Pacific Motorway. The precinct has evolved over three decades into a key commercial center servicing Logan City.</p><p>The area features <strong>strong retail amenity</strong> with major retailers including Bunnings, Repco, Woolworths and Big W. The location offers <strong>excellent transport access</strong> with the Springwood Bus Station within 400 meters walking distance.</p><p>The precinct handles high traffic volumes with <strong>134,312 cars daily</strong> and provides efficient linkages to Brisbane Airport, Sea Ports and major transport arterials.</p>
Additional Location Information File<p><strong>Uniting Care Queensland</strong> is a leading provider of community services across Queensland, operating as part of the Uniting Church's broader network. With over <strong>50,000 staff and 30,000 volunteers</strong>, they provide essential services including foster care, financial guidance, disability support and secure accommodation.</p><p>The tenant has demonstrated long-term commitment to the site, having occupied the premises since 2009. Their operations are backed by the strength and stability of the Uniting Church in Australia.</p>
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<p>The property generates a <strong>net passing income of $279,600 per annum</strong> on a true net lease basis. With structured annual increases of 4% or CPI (whichever is greater), the income is projected to grow to <strong>$413,876 by 2034</strong>.</p><p>The tenant pays all outgoings including land tax and property management fees, providing a secure passive investment. The lease is supported by rental security from the Uniting Church of Australia.</p>
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<ul><li>Premium office asset with blue-chip national tenant covenant</li><li>Long-term lease to 2029 with options to 2034</li><li>Guaranteed income growth with 4% or CPI annual increases</li><li>Strategic location 19km from Brisbane CBD</li><li>Modern building with high-quality specifications</li><li>Excellent natural light and 3.6m ceiling heights</li><li>15 secure basement car parks plus additional parking</li><li>100% tenant-paid outgoings</li><li>Strong surrounding commercial precinct</li><li>Multiple public transport options nearby</li></ul>
