Overseas Owner Liquidates Blue Chip Office Building

Located on the corner of Logan Road and Mt Gravatt Capalaba Road, this well located office building offers a rare opportunity. The location is first class being immediately opposite Westfield Shopping Centre with huge exposure to passing traffic daily. The 1957m2 block of land has an unimproved land value of $3,900,000 for rates purposes. The gross income of the building is approximately $946,369 plus GST. Audited outgoings $402,192 with an estimated net income of $544,177 per annum. Comprising of a solid concrete 3 level building with 2 levels of offices and a basement garage catering for 55 carspaces. The building is serviced by 2 stairwells, a lift and ducted air-conditioning throughout. The tenancy mix includes 11 seperate tenancies offering diversification of rental income and risk management with numerous industries including anchor tenants Hobsmouth Carthills Chartered Accountants, migration and education firm IELTS, legal, council,medical and labour recruitment. The income profile of the building is enhanced by a digital marketing signboard erected on the roof with huge dwell time from the busy intersection at the lights in front of the building. Due Diligence material is available upon request.