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Offices

12-14 The Circuit Brisbane Airport, QLD 4008

Sold on 4 Oct 2024
  • Building: 4,594m²
  • Land: 2,053m²
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Offices in Brisbane Airport

FOR SALE: FULLY REFURBISHED A-GRADE OFFICE BUILDING - 50%* LEASED

  • Building: 4,594m²
  • Land: 2,053m²

· Located in a thriving commercial hub in the heart of Australia TradeCoast. Skygate precinct 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 Novotel hotel, medical centre and childcare centre.

· Outstanding road network connectivity and good public transport (precinct is earmarked for its own future Airtrain station).

· $3 billion* infrastructure investment commitment by BAC (Brisbane Airport Corporation) over the next 10 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 5 years.

· Brisbane Airport has two major terminals providing service to 34 airlines and more than 23.8 million passengers annually. There are more than 425 businesses at Brisbane Airport with a combined workforce of more than 24,000 people, which is forecast to grow to 50,000 people by 2029.

· Building was completed in 2007 and has just undergone a $3.5 million* base building capital works upgrade.

· 4,594m²* Net Lettable Area (NLA) over 4 levels.

· 1:73m²^ NLA car parking ratio (plus a multi-level car parking station situated directly opposite the property (with availability of permanent and casual parking).

· 1,150m²* NLA typical floor plates (central core and very few internal columns).

· NABERS currently exempt for the building (5.5-star Energy and 5-star Water ratings prior to the exemption). 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.

· 50%* Leased - Commonwealth of Australia, RediMed.

· $2,056,857 per annum* estimated fully leased net income.

*Approximately.
^Including spaces in the licence area.

Building:

4,594m²

Land:

2,053m² / 0.51 acres

Tenancy:

Tenanted

12-14 The Circuit, Brisbane Airport, QLD 4008