The property comprises a modern office building built in 2009 with 5,295 m2 NLA, and a secure ground floor/basement car park providing 152 car spaces. The property was fully leased to Bunnings Ltd until August 2022.
Investment strategy: An opportunity to capture the significant rent reversion and value gain in the future following a building refurbishment and re-leasing. The refurbishment was completed in mid 2023.
Purchase Price / Date
$24.7m / Feb 17
