<p>The property enjoys a <strong>strategic position within the established Underwood/Springwood commercial precinct</strong>, just 19 kilometres southeast of Brisbane CBD. This thriving business hub has developed over three decades into a key commercial service centre for Logan City.</p> <p>The location offers <strong>exceptional connectivity</strong> being only 200 metres from the Pacific Motorway, providing efficient linkages to the Gateway and Logan Motorways, Brisbane Airport, Sea Ports, and major transport arterials. Local public transport is readily accessible with Springwood Bus Station only 400 metres away, connecting staff to the South East Busway.</p> <p>The surrounding commercial precinct features <strong>abundant amenities</strong> with numerous service trades, retail operators, and major household names including Bunnings, Repco, Woolworths and Big W. The area experiences high traffic volumes with the Pacific Highway carrying an annual average daily traffic count of 134,312 cars.</p> <p>This established commercial hub continues to experience strong growth as it services a large surrounding residential catchment area, offering tenants and investors stability and long-term growth potential.</p>

<p>The property is fully leased to <strong>Uniting Care Community</strong>, a division of Uniting Care Queensland, which is one of Queensland's leading providers of community services. The tenant has <strong>occupied the premises since December 2010</strong>, demonstrating their long-term commitment to the location.</p> <p>Uniting Care Community is backed by the Uniting Church in Australia, providing exceptional covenant strength. Their operations form part of a <strong>broader health and community services network</strong> that includes Lifeline services across Queensland.</p> <p>The organisation employs over 50,000 staff and 30,000 volunteers nationwide, supporting thousands of people daily through various community services including:</p> <ul><li>Safe foster care solutions</li><li>Financial guidance for individuals in financial distress</li><li>Support for persons living with a disability to live independently</li><li>Secure accommodation for victims of domestic and family violence</li></ul> <p>This established tenant represents an <strong>ideal occupier for commercial investment</strong> properties due to their stability, essential service provision, and strong backing from the Uniting Church in Australia.</p>

<p>This investment presents a compelling financial opportunity with <strong>secure income of $279,600 per annum</strong> from a high-quality national tenant. The property features a <strong>true net lease structure</strong> where the tenant pays all outgoings including land tax and property management fees.</p> <p>The lease includes <strong>annual rental increases of 4% or CPI</strong> (whichever is greater), ensuring strong income growth over the remaining term. Projections indicate the net rent will increase by over 21% to $340,176 by 2029, with further growth potential through the option period extending to 2034.</p> <p>The property comprises four individual strata titles with a total net lettable area of <strong>699 sqm</strong> and benefits from <strong>15 exclusive secure basement car parks</strong>. The weighted average lease expiry (WALE) stands at 5.5 years as of June 2024, providing investors with medium-term income security.</p> <p>Additional financial security is provided through the tenant's covenant, being backed by the Uniting Church in Australia, along with rental security in the form of a cash bond.</p>

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