Vacant former Government building for sale in Brisbane Fringe

VALUE-ADD investors and owner-occupiers have an incredibly rare opportunity to purchase a new generation PCA A-Grade commercial office building in a thriving commercial hub, located just 8km* from the Brisbane CBD, in the heart of Australia’s TradeCoast.

Completed in 2007 and 100 per cent leased by a single Commonwealth Government tenant since that time, 12-14 The Circuit, Brisbane Airport, has recently become vacant and offers a 4,675sq m* NLA commercial building with 63^ car parking bays.

The property will be marketed and sold via an expressions of interest campaign closing on Wednesday 14 July at 3pm by Ray White Commercial QLD Director and Head of Investment Sales Tom Barr and Colliers International Director of Investment Services Hunter Higgins.

“As a value-add investor or owner-occupier, it’s very difficult to find an opportunity to purchase a fully vacant A-Grade office building at this sort of pricing, and there’s huge potential for capital growth with this asset in a booming infrastructure precinct,” Mr Barr said.

“Following very strong interest from owner-occupiers and value-add investors on several recent sale campaigns, we anticipate this property will be no different.

“The area is set to benefit from significant ongoing infrastructure investment, with over $1.7 billion invested since FY12 including the new Parallel Runway and Auto Mall, and a further $3 billion commitment over the next ten years with the May 2021 announcement to build a $1 billion third terminal by 2032, and spend another $2 billion on major projects over the next five years.”

“With a central core and very few internal columns, the building allows flexible design and space-efficient tenancy fit-out, with high levels of natural light penetration,” Mr Higgins said.

“There are 63^ car parking spaces in total, and additionally, there’s a multi-level car parking station directly opposite the property (with availability of permanent and casual parking).”

The location offers exceptional amenity within the Skygate precinct – a vibrant retail, commercial and lifestyle precinct brimming with fashion, food, and leisure at the heart of Brisbane Airport.

It is home to more than 160 retail, café and dining options including DFO, Queensland’s first 24-hour Woolworths, Golf Central BNE, Dan Murphy’s, a 4.5 star hotel, medical centre and childcare.

From the Brisbane Airport Skygate Precinct, road connectivity to surrounding inner-north suburbs and the greater south-east Queensland road networks is outstanding.

As well as Brisbane City Council bus services, the Skygate courtesy bus and TBus run regularly connecting the precinct to the terminals and on to the Airtain. The precinct is also earmarked for its own future Airtrain station.

“Brisbane Airport is a natural address for companies seeking a reputation for sustainable development practices. Brisbane Airport is the first precinct in Australia to be awarded a Green Building Council of Australia (GBCA) Green Star – Communities rating under the pilot program,” Mr Higgins said.

“The building currently has a NABERS exemption certificate, however prior to this exemption the base building had a 5.5-star NABERS Energy rating, and five-star NABERS Water rating.”

*Approximately.
^Including spaces in the licence area.