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    8 Gardner Close

    • Milton QLD

    • NLA 4,352sqm + 102 Car Bays

    • Purchased August 2017 • Sold June 2019

    • IRR 17.5%
    • TR 34.6%
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    Strategy

    We aim to regenerate the building aesthetically and mechanically targeting a minimum 4.5 Star NABERS Base Building Energy rating to attract and retain quality tenants, providing stabilised, long-term income to investors.

    Activities

    QE upgraded the base building services, lobby, lifts, general aesthetics and services, and installed end-of-trip facilities.

    Painting of façade.

    Outcome

    Following the successful aesthetic and mechanical upgrades the property was sold in June 2019 with 100% occupancy.

    Shortly after the sale of the building 5 Star NABERS Base Building Energy rating was achieved due to the works that were completed.