Garda Capital sells TradeCoast office building for $17.3 million
- siennawilliamsgc
- Jul 5, 2019
- 1 min read
ASX-listed Garda Capital has sold a stand-alone office building in the Queensland TradeCoast’s Gateway Office Park for $17.3 million.
The property, Building 2 at 747 Lytton Road, Murarrie, has a weighted average lease expiry (WALE) of 3.1 years, which follows a successful year-long re-leasing campaign to full capacity.
The four-level, 3346-square-metre property includes NextFleet Australia and Youi Insurance as two of its seven tenants and returns an annual holding income of $1,366,000 million.
“Testament to the efforts of Garda in positioning 747 Lytton Road in the leasing market, the asset has attracted a strong tenant profile,” selling agent Savills’ Jack Morrison said.
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