Emerald Lakes Trust is purchasing a neighbourhood office property at 3027 The Boulevard, Carrara in Queensland.

Constructed in 2008, the Property is an A-grade quality 5 level commercial office building comprising 4 levels of high quality office accommodation and ground floor retail and commercial tenancies. 


Forecast Investor Returns

First year annual distribution yield8.8% (88% tax-deferred)
Average annual distributions yield9.0% (5 years)
Forecast Internal Rate of Return (IRR)10.3% p.a. (5 years, after all fees)
Top 5 Highlights

1. Attractive tax-deferred income yield, paid monthly

2. Multi-tenanted (incl. retail) delivering secure & diversified income stream with income growth;
      – National groups such as the Uniting Church, Oliver Hume and Cardno

3. Strong history of attracting tenants;

4. Well located amongst growing population and close proximity to M1 Motorway to Brisbane;

5. Queensland, in particular the Gold Coast, is experiencing strong net migration as a result of its relative success in containing the spread of COVID-19 and significant budgeted infrastructure expenditure.

  • 4,829sqm NLA over 5 levels of modern office space
  • A-Grade Quality office (built in 2008)
  • 4.0 star NABERS energy rating
  • Occupancy of 86%
  • WALE of 2.7 yrs (by income including vendor rental guarantee)
  • Purchase Price $21.5 million, representing a fully leased yield of 9.0%