Case Studies

8/256 Musgrave Road, Coopers Plains, QLD

The subject property is constructed from concrete tilt panel, containing 140m²* office and 170m²* clearspan warehouse. The office space contained a mixture of open planned and partitioned offices with both kitchen and Toilet amenities. The space has fully ducted air-conditioning and is equipped with a security system. The warehouse has an internal clearance of 6.5m and incorporated pallet racking.

The properties point of difference, for being a part of a large unit complex with a high vacancy rate, was the appealing quality of the office fitout and overall presentation. The property was offered as a ‘Turn Key’ scenario where the new tenants could start operations from day one of their lease commencement. The new tenant came from a nearby industrial complex in the same suburb.

Lease Analysis*
Lessee:Logistics Company
Annual Rental:$37,000.00 + GST
Rate PSQM:$119.35
Outgoings:Gross Rental
Lease Term:2 + 1 years
Reviews:Annual CPI Minimum 4% and Market review at the option.
Incentive:One Months’ rent free
Marketing Budget:$4,000
Days on Market:90


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