LFR
Metro
JLL
Sold
Officeworks Newmarket
157 Newmarket Road, Windsor, QLD 4030
Property Description
Officeworks Newmarket is a LFR property located in Windsor, QLD that was sold for $15,000,000 on 23 Jun 2020, with the transaction facilitated by JLL. The property comprises 1,944 m² of building area, equating to $7,716 per square metre and is situated on a 4,979 m² landholding at a rate of $3,013 per square metre. The property was leased to Officeworks and generated an estimated net income of $727,500. The investment reflected a reported yield of 4.85% at the point of transaction.
Key Metrics
Sale Price
$15,000,000
23 Jun 2020
Yield
4.85%
Net Income $727,500
Land
4,979 m²
$3,013/m²
Building
1,944 m²
$7,716/m²
Tenancy
Single Tenant
Parks —
Parking
—
Rate —
Address & Location
| Full Address | 157 Newmarket Road, Windsor, QLD 4030 |
|---|---|
| Suburb | Windsor |
| State / Postcode | QLD 4030 |
| Metro / Regional | Metro |
| Property ID | MBP7oTg |
Asset & Physical
| Asset Type | LFR |
|---|---|
| Transaction | Sold |
| Zoning | — |
| Year Built | — |
| Tenancy | Single Tenant |
Sale & Metrics
| Sale Price | $15,000,000 |
|---|---|
| Sale Date | 23 Jun 2020 |
| Net Income | $727,500 |
| Yield | 4.85% |
| Land Area | 4,979 m² |
|---|---|
| Land Rate | $3,013/m² |
| Building Area | 1,944 m² |
| Building Rate | $7,716/m² |
Lease & WALE
| Rent Start | — |
|---|---|
| Rent End | — |
| Term (input) | — |
| WALE | — |
| Rent Reviews | — |
|---|---|
| Options | — |
| Lease Confirmed | No |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Elliott OShea
JLL
Jacob Swan
JLL