This article is from the Australian Property Journal archive
A DISTINCTIVE office building in the Moreton Bay region suburb of Caboolture, anchored by the Queensland government and Unitywater, has changed hands for $16.18 million.
The campus-style 5,317 sqm building at 33 King Street has 82 on-site secure basement car parks, and is in immediate proximity to Caboolture train is close to the M1.
Savills agents Jack Morrison, Nick Russell and Callum Stenson sold the property.
It has four levels above a podium and has an aqua lining through its exterior.
Current return is$2,024,031 per annum gross, and has a 4.5-year WALE by income and a staggered lease expiry profile. The property has a 2.5-star NABERS rating.
Australian Property Journal
