FOR SALE
For Sale by EOI closing Thurs 24 Oct 2024

Building 1 Freeway Office Park, 2728 Logan Road
Eight Mile Plains QLD 4113

Bedrooms: -
Bathrooms: -
Car spaces: 50
Floor area: 1429m2
Land area: 1863m2
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Fully Leased Commercial Investment (52%* Medical/Healthcare)

The Eight Mile Plains / Mount Gravatt area is one of South East Queensland's most highly sought after commercial office locations, with many large companies choosing to locate their businesses there to achieve convenient access to Brisbane's major arterial road network.
Freeway Office Park is strategically located at the Southern meeting point of Brisbane's largest arterial roads; the M1 (Pacific Motorway), the Gateway Motorway and the Logan Motorway. Freeway Office Park is 15 minutes* from Brisbane's CBD, 50 minutes* from the Gold Coast and 20 minutes* from the Brisbane Airport.
- 3.5 kilometres* to Westfield Mt Gravatt and close to schools, universities, sporting facilities, and bush reserve.
- Excellent signage and branding opportunities thanks to extensive exposure to the M1 (Pacific Motorway) and Logan Road.
- 1,863m²* land area.
- 1,429m²* NLA A-Grade office building.
- 50 car parking bays (36 basement, 14 open on-grade) providing an exceptional ratio of 1:28.5m²* NLA.
- 100% leased with a 5.5 year* WALE by income (as at 01 October 2024).
- 52%* of income underpinned by Medical/Healthcare tenants including Autologous Stem Cell Technology, NBRYO, ADC Warriors Academy, and Abbott Medical Australia.
- $912,883* per annum Net Operating Income (as at 01 October 2024).
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Property Details for Building 1 Freeway Office Park, 2728 Logan Road, Eight Mile Plains, QLD 4113

Building Type
Commercial
Floor Size
1429m2
Land Size
1863m2

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About Eight Mile Plains 4113

The size of Eight Mile Plains is approximately 7.8 square kilometres. It has 31 parks covering nearly 16% of total area. The population of Eight Mile Plains in 2011 was 13,378 people. By 2016 the population was 15,349 showing a population growth of 14.7% in the area during that time. The predominant age group in Eight Mile Plains is 20-29 years. Households in Eight Mile Plains are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eight Mile Plains work in a professional occupation. In 2011, 65.2% of the homes in Eight Mile Plains were owner-occupied compared with 62.8% in 2016.

Eight Mile Plains has 6,349 properties. Over the last 5 years, Houses in Eight Mile Plains have seen a 79.41% increase in median value, while Units have seen a 90.70% increase. As at 30 September 2024:

  • The median value for Houses in Eight Mile Plains is $1,401,842 while the median value for Units is $726,322.
  • Houses have a median rent of $740 while Units have a median rent of $623.
There are currently 38 properties listed for sale, and 17 properties listed for rent in Eight mile plains on OnTheHouse. According to CoreLogic's data, 223 properties were sold in the past 12 months in Eight mile plains.

Suburb Insights for Eight Mile Plains 4113

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.