1

ASSETS

$80.2

PORTFOLIO VALUATION

100 %

OCCUPANCY

7.2

WALE (YEARS)

The Property comprises two buildings located opposite Princess Alexandra Hospital within a short walking distance to Park Road Railway Station and the new Boggo Road Metro and Cross River Rail Stations, due for completion in 2023 and 2024, respectively.

Growing long-term income secured by two prime tenant covenants.

  • Queensland Government (leased to 2025) with opportunities for expansion and lease extension given close proximity to Princess Alexandra Hospital
  • Catholic Education (leased to 2029) with material capital expenditure invested into the premise in 2019

The Catholic Education Building was originally constructed circa 1990 and has undergone numerous additions and modifications since. It was converted into commercial offices in 2000, extensively refurbished in 2011 and 2019. The QLD Health Building was purpose built for the tenant in 2006 and has been maintained to a high standard.

The Property has significant value-add potential through exploring various opportunities