23 Rowe Street, Caboolture, Qld 4510

RWC Northern Corridor Group are pleased to present 23 Rowe Street, Caboolture to the market for sale.

Positioned within the heart of the Caboolture health and government precinct, this modern institutional-grade office asset was completed in 2023 and comprises 2,480m²* of NLA plus approximately 236m²* of balcony and license areas across a flexible multi-tenancy configuration.

Anchored by Queensland Government tenants with approximately 87% government-weighted income, the property provides a highly defensive investment profile supported by long-term lease covenants, fixed annual rental increases and strong underlying demand drivers tied to the continued expansion of the Caboolture and Moreton Bay region.

23 Rowe Street offers investors exposure to a stabilised income stream within one of South East Queensland's fastest-growing health, government and infrastructure corridors, appealing to institutional investors, private capital and SMSF buyers seeking secure long-term holding characteristics.

KEY FEATURES
• 2,480m²* NLA plus 236m²* balcony/license areas
• Completed in 2023 - modern institutional-grade construction
• Net income of $1,278,406 per annum
• WALE of approximately 4.1 years (income)
• Five-tenancy structure providing income diversification
• Five-star NABERS & GreenStar rating with expansive solar infrastructure

GOVERNMENT TENANTS
• Queensland Health | 32.54%
• Department of Housing | 55.32%
• Total government exposure of approximately 87%+
• Fixed annual rental increases of 3.5% | 4% across key leases
• Predominantly government gross lease structure
• Staggered lease expiries extending into the 2030s
• Located within established health, education, and government precinct

For Sale via Expressions of Interest closing Thursday 23 July at 4:00pm.

For further information or to arrange access to Dataroom, please contact the exclusive agents Aaron Canavan and Troy Sturgess.