Cleveland Business Park Trust - Cleveland Business Park
Date of Purchase
Dec '23 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.
1,880m² of office building is leased to the Queensland Department of Health, on a 10- year term. Additionally, the 7,600m² warehouse is currently leased to Barton Motors. Both lease agreements are due to expire in 2021.
Discussions are underway with tenants to lease the additional 13,668m² warehouse and office space.
With only 24% current site coverage, the property provides maximum flexibility and excellent development opportunities.