570-586 Wickham Street comprises two adjoining, purpose-built automotive dealerships known as Lighthouse, constructed in 2011, and the Euro Marque building, built in 2006.

The property features 13,288 square metres of office and showroom space across two levels and a hardstand and external area of 2,556 square metres.

Property Details

Building type
Distribution Centre
Title
Freehold
Site area (hectares)
0.7
Lettable area ('000sqm)
9.6
Number of buildings
2
Year built
2006/2001
Major tenant
Autosports Group
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Brisbane
Zoning
B4 Mixed Use
Acquisition date
July 2018
Book value at ownership ($m)
91.2
Independent valuation date
December 2018
Independent valuation at ownership ($m)
91.2
Market cap rate (%)
6.00
Initial yield (%)
5.77
Leased by area (%)
100
Weighted lease term by income (years)
8.0