Lakes Vista Office Park (Building 12)
2 Flinders Parade, North Lakes
RWC Queensland has the pleasure to offer Building 12 Lakes Vista Office Park, 2 Flinders Parade, North Lakes in Moreton Bay, Queensland to the market.
An exceptional investment opportunity strategically positioned in the heart of the Moreton Bay region, one of the largest (3rd) and fastest (5th) growing local government areas in Australia. The Moreton Bay region also has the 3rd largest number of residential dwellings of any local government area in Australia.
Situated 28 kilometres* north of Brisbane CBD, North Lakes has emerged as the most vital residential, retail and business destination in the region. This new 'Central Business Hub' has attracted long-term investment from multi-national companies, major retailers, government and local business.
Located just 1.8 kilometres* to Westfield North Lakes and 250 metres* to Bruce Highway (M1), and close to shops, schools, healthcare infrastructure, Moreton Bay/Beach, bush reserve, sporting facilities, train station, and cycleway.
- 1,382m* NLA office building completed in 2015, offering considerable tax depreciation benefits.
- 46 secure basement car parking bays providing an exceptional ratio of 1:30m* NLA.
- 100% leased with a 2.36 year* WALE.
- $633,173* per annum Net Operating Income.
- NABERS Rating - Currently an 'Exception'.
- Multi-tenanted building with 5 strong covenant tenants, with landlord friendly net leases including bank guarantees, providing a diverse income stream and defensive cash flow.
- Huge potential for future rental growth due to strong tenant demand coupled with constrained new supply (the economic rent required for it to be feasible for developers to deliver new supply has increased significantly over recent years due to the increased construction and funding costs combined with softer capitalisation rates).
For sale via Expressions of Interest campaign closing Wednesday 30 October 2024 at 4.00pm (AEST).
*Approximately (radial km)
Image outlines/labels indicative only
The size of North Lakes is approximately 11.6 square kilometres. It has 54 parks covering nearly 18.8% of total area. The population of North Lakes in 2011 was 15,045 people. By 2016 the population was 21,670 showing a population growth of 44.0% in the area during that time. The predominant age group in North Lakes is 0-9 years. Households in North Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lakes work in a professional occupation. In 2011, 61.9% of the homes in North Lakes were owner-occupied compared with 54.8% in 2016.
North Lakes has 9,149 properties.
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