The Precinct
41 Harries Road, Coorparoo QLD
The Precinct is located four kilometres south-east of the Brisbane CBD, in the inner city suburb of Coorparoo. The property is conveniently located opposite the Coorparoo Junction station of Brisbane’s Eastern Busway, which is currently under construction. The property’s major tenant is the National Australia Bank whose ground floor offices are principally used as the bank’s state mortgage processing centre.
| Property details | |
| Type: | Commercial / Retail |
| Site area: | 7,955 sqm |
| Lettable area: | 4,898 sqm |
| Car spaces: | 113 |
| Title: | Freehold volumetric |
| Ownership: | 100% |
| Acquisition date: | April 1999 |
| Valuation: | $14.5 million |
| Valuation date: | June 2009 |
| Book value: | $14.0 million |
| Occupancy: | 98% |
| Major tenant: | National Australia Bank (4,207 sqm) |