Building leased to council in Queensland's Logan City fetches $3.85 million

Building leased to council in Queensland's Logan City fetches $3.85 million
Prateek ChatterjeeSeptember 12, 2016

An office building in Queensland’s Logan City with major tenant as the city council has sold for $3.85 million.

‘The Exchange’ at 106 City Road, Beenleigh was put up for sale via expressions of interest earlier this year. 

The deal was brokered by Tania Moore and Mark Witheriff of Knight Frank along with RM Realty.  

The seven-level office building is a “landmark asset” in the Beenleigh CBD, according to the property’s description.

Located on the eastern side of City Road, it is a short freeway-drive to Brisbane or the Gold Coast

The building has a net passing income $290,136 pa. 

The net lettable area is 1,695 sqm.

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner