Just moments from the Brisbane Airport, Gateway Motorway ramps, and Hamilton Harbour, this Cullen Avenue corporate park is an ideal location for businesses requiring an office and warehouse solution with spaces ranging in size from 270-4,500 square metres.

Bordering Kingsford Smith Drive, Theodore Street and Cullen Avenue West, this well-presented two-storey property presents an exciting opportunity to locate within the popular Australia Trade Coast Precinct.

Eagle Farm has a distinctive character and commercial locations are keenly sought after.

Tenancies feature warehouses and offices, meeting rooms and open plan space, with kitchen and bathroom facilities on both levels.

- Modern corporate park location

- Office and warehouse tenancies

- Opportunities from 270-817 square metres

Property Details

Building type
Industrial Estate
Title
Freehold
Site area (hectares)
2.0
Lettable area ('000sqm)
12.0
Lettable area adjusted for ownership ('000sqm)
6.0
Number of buildings
1
Car parking spaces
180
Year built
1988
Major tenant
BCC
Owner
DXS
Ownership (%)
50
Co-owner
Dexus Industrial Partner

Property Statistics

Metro area
Brisbane
Zoning
General Industry
Site coverage (%)
58
Number of units
7
Average unit size
1.7
Office content (%)
28
Acquisition date
March 2015
Book value at ownership ($m)
13.1
Independent valuation date
December 2018
Independent valuation at ownership ($m)
13.1
Market cap rate (%)
6.75
Initial yield (%)
6.60
Leased by area (%)
98
Weighted lease term by income (years)
3.6