33 Corporate Drive, Cannon Hill, QLD
DESCRIPTION
This building benefits from its prime location in the Southgate Corporate Park, 7 km east of the Brisbane CBD. Pre-committed to Westpac prior to construction in 2003, the building has potential for an additional 1,000 sqm development. The unusual exterior frame design optimises efficiency and flexibility across the floor plate.
| SUMMARY INFORMATION | |
|---|
| GRADE | B Grade |
| OWNERSHIP | 100% MPT |
| NLA | 4,218 sqm |
| CARSPACES | 302 |
| ACQUISITION DATE | Aug 10 |
| LAST EXTERNAL VALUATION DATE | 30 Jun 11 |
| VALUATION AT 31 DEC 11 | $16.5m |
| VALUER | DIRECTORS VALUATION |
| CAPITALISATION RATE | 9.00% |
| DISCOUNT RATE | 9.75% |
| GROSS OFFICE RENT | $349/sqm |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| WESTPAC | 4,218 | Nov 14 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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