North Regional Business Centre

Property Summary as at June 2020

Ownership
100%
Project date
2015-2017
Site Area
5,010m2
Total area (NLA)
6,058m2
Occupancy
100%
WALE (income)
11.7 years
Tenant/s
Brisbane City Council
Value Range
$40-$50 million

The North Regional Business Centre (NRBC) was developed by CBIC to hold long term, in line with its mandate to provide consistent look-through earnings for its shareholder. NRBC was built with sustainability in mind, with reduced energy demand and water efficient fixtures and fittings. The 5 star NABERS rating is effective till July 2020.

The asset is ideally located in proximity to Chermside Shopping Centre and provides ground floor community facilities including a public library and café, with high quality office accommodation on the upper floors. The asset was constructed to a high standard and will provide a long-term rental stream with a low capital expenditure requirement, maximising returns for the shareholder.