Strathpine Office Sold for $1,050,000

Strathpine Office Sold for $1,050,000

A strata-titled office leased by a high profile national law firm at Strathpine in Brisbane’s north has been sold by Ray White Commercial for $1,050,000.

The property at 14/104 Gympie Road, Strathpine, was sold to a private investor by Steve Black and Juma Marstella of Ray White Commercial Pine Rivers on behalf of a local investor for a yield of 8.5 per cent.

Steve Black said the 271 sqm tenancy is leased by ASX-listed Shine Lawyers.

“The property has a long term national tenant who has more than three years remaining on their current lease with a five year option,” he said.

“We had strong interest in the property which is returning rental income of $90,000 per annum.

“The strata-titled office is part of a commercial complex on Gympie Rd at Strathpine which offers tremendous exposure as well as plenty of off-street parking.

“It was an investment opportunity which provides excellent security among many other features.”

Strathpine is in the Moreton Bay Regional Council local government area approximately 22km north of the Brisbane CBD.

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