Cleveland Business Park Trust - Cleveland Business Park
Date of Purchase
Jul '20 Net Distribution
About Cleveland Business Park Trust
The 97,820m² site is prominently located in the heart of Brisbane’s Redland Shire health precinct immediately opposite the Redland Public Hospital and Redland Mater Private Hospital.
The property is improved by approximately 20,000m² of warehousing together with 3,500m² of office buildings. 13,668m² of warehouse and office space is leased to Fisher & Paykel on a 10-year term (expiring 2020) and 1,890m2 of office building is leased to Queensland Department of Health also on a 10- year term (expiring 2021).
Discussions are underway with tenants to lease the additional warehouse of 7,600m2.
With only 24% current site coverage, the property provides maximum flexibility and excellent development opportunities.
Managed by Sentinel Property Group on behalf of Sentinel Asset Management.