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)