Alderly, QLD

95 & 117 Mina Parade

Alderley is an established inner city residential suburb of Brisbane located approximately five kilometres north of the CBD. This property comprises office/warehouse buildings and is located opposite a railway line and is close to public transport, schools and retail amenities. Future plans envisage residential development and tenants are currently on short term leases.

Ownership interest 100%
Cap rate 8.5%
Valuation date June 2016
Acquisition date September 2007
Site area 46,690m2
Gross lettable area 22,973m2
Occupancy 82%
WALE by income 1.3 Years
Rent review stucture Fixed
Major tenants by income Various short term leases with development clauses
Parking spaces 142
Valuation range $10-30 million