Brisbane Technology Park, Central, Eight Mile Plains

Overview

The property is an amalgamation of five buildings with a combined NLA of approximately 8,418 sqm and parking for 533 vehicles. There are two modern, multi-level office buildings, a childcare centre developed in 2020, and a multi-level car park. There is also approximately 6,100sqm of development land, which is currently utilised as a car park and an older office/warehouse facility. 51A McKechnie Drive has 5.0 NABERS Energy and 5.0 star NABERS Water ratings. 12 Electronics Street has 5.5 star NABERS Energy and 4.0 NABERS Water ratings.

Property Information

  • Building typeBusiness Park
  • Year built2014
  • TitleFreehold
  • Metro areaBrisbane, South
  • ZoningSC1 Specialised Centre (Major Education and Research Facility)
  • Site area (hectares)1.9
  • Lettable area ('000sqm)8.4
  • Lettable area adjusted for ownership ('000sqm)8.4
  • Number of buildings5
  • Car parking spaces533
  • OwnerDXI
  • Ownership (%)100
  • Major tenantQueensland Health
  • Book value at ownership ($m)45.8
  • Independent valuation dateDecember 2021
  • Independent valuation at ownership ($m)45.75
  • Market cap rate (%)6.92
  • Leased by area (%)84
  • Weighted lease term by income (years)3.1

  • NABERS Energy rating (without Green Power)5.0 (51 McKechnie), 5.5 (12 Electronics), 2.0 (33 McKechnie)
  • NABERS Water rating5.0 (51 McKechnie), 4.0 (12 Electronics)
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