Local Real Estate Springs Into Springwood’s Best Office Address in $5.1M Deal

Strong demand for prestigious commercial office building in Springwood CBD groups looking to relocate or expand to SEQ growth hotspot

A premium office building with a secure income stream has transacted for $5,100,000 to local real estate agency, Image Realty, who saw the appeal of moving into Springwood’s best CBD office address and a South East Queensland growth hotspot.

Following a competitive expressions of interest process, the 1538sqm freehold centre zoned property located at 16 Cinderella Drive in Springwood was transacted by Colliers Queensland agent Philip O’Dwyer to Jace Roach of Image Realty.

Colliers Queensland Investment Services Associate Director Philip O’Dwyer said after a successful sales campaign with strong engagement from investors, owner occupiers and groups affected by the recent resumptions for major roadworks, the buyer was ultimately a local real estate agency looking for a base.

“This property was attractive to buyers due to the central location that offered a high-end corporate

facility as well as parking and natural light in an area in high demand,” Philip O’Dwyer said.

“The Logan area has seen significant population growth with the area projected to increase by over 138,000 by 2041. Continued economic and infrastructure development to support this growth will continue to attract more businesses and investors to the region.

“This property also offered the opportunity for passive income with two tenancies leased out to healthcare and medical providers, providing additional benefits to the purchaser.

“The prime location played a pivotal role in attracting a considerable number of interested parties, with Springwood located 21 kilometres from Brisbane and opposite Arndale Shopping Centre,” Philip O’Dwyer added.

Finished in 2006 this modern 2-storey office building over a 1,087sqm flexible floor plate, offers a high-end corporate facility complete with contemporary amenities and flooded with natural light sitting above 39 secure car spaces.

The property sits across from the Arndale Shopping Centre with its City Cave health centre and is a short walk to coffee shops, restaurants and the South East Busway interchange station offering a convenient location in a growing area.