LOCAL AMENITIES
Bruce Highway
3K | 5 mins
Brisbane CBD
50K | 50 mins
Sunshine Coast
57K | 43 mins
Brisbane Airport
46K | 33 mins
Port of Brisbane
62K | 44 mins
EARLY LEARNING CENTRE
KFC
ST PETER’S AQUATIC CENTRE
CABOOLTURE PRIVATE HOSPITAL CABOOLTURE TRAIN
MCDONALDS
TERRY WHITE CHEMIST
YOUR OPPORTUNITY
Ray White Commercial Northern Corridor Group is proud to present to the market an exceptional opportunity to acquire a high-performing, government-leased commercial asset located in the heart of the Caboolture CBD.
Positioned at 21–25 Hasking Street, this immaculately maintained freehold property offers investors the rare combination of income security, strategic location, and long-term capital growth potential.
The property is fully leased to strong government tenants, underpinned by a weighted average lease expiry (WALE) of 4.43 years, delivering stable income and minimal management requirements. Extensive internal and external refurbishments have already been completed, ensuring the asset presents as truly “set and forget.”
KEY FEATURES
Freehold CBD asset with 2,329m²* land area and 1,744m²* GFA
Fully leased to Queensland Government departments
Net annual income of $517,123 with strong lease covenants
WALE of 4.43 years providing income security
Extensive recent capital works completed by both owner and tenants
Centre zoned within a strategic growth location in Moreton Bay
Surrounded by key amenities – Court House, Transport Hub, Medical Super Centre
Attractive yield potential with rents below market benchmarks
Low-risk investment with passive appeal to private investors, syndicates & funds
FOR SALE via Offers to Purchase closing at 4pm (AEST) on Thursday the 18 of September 2025, if not sold prior.
For further information or to take advantage of this unique opportunity to secure this property in one of the most sought-after areas of the Northern Corridor. Contact Chris or Troy today.
Chris Massie
Director
0412 490 840 chris.massie@raywhite.com
Troy Sturgess
Sales & Leasing Executive
0432 701 600 troy.sturgess@raywhite.com
EXECUTIVE SUMMARY
21-25 Hasking Street, Caboolture, QLD 4510
Legal Description Lot 25 on Registered Plan 840826
Land Area 2,329m²*
Building Area GFA: 1,744m²* NLA: 1,471m²*
Zoning Centre
Local Authority Moreton Bay City Council
Net Income $517,123
WALE 4.43 years
Two tenants, giving income security
Tenant Features
Government departments, further cementing security
Staggered lease expiries provide predictable continuity of income
Solid recent supporting leasing evidence
Services The site is connected to local reticulated water, sewer, electricity and telecommunications
Car Parks 49*
TENANCY SCHEDULE
FINANCIAL SUMMARY
OUTGOINGS SUMMARY
SITE PLAN
TENANCY 1 TENANCY 2
TENANCY 1
TENANCY 1 960m2
ARTIST’S IMPRESSION ONLY: While every attempt has been made to ensure the accuracy of this floor plan all items are approximate and no responsibility is taken for any error, omission, or mis-statement This plan is for illustrative purposes only and should only be used as such by any prospective purchaser.
TENANCY OVERVIEWS
TENANCY 1 HIGHLIGHTS:
Tenant
Queensland Government –
Department of Public Works (Child & Youth Justice)
Use
Youth justice casework, community programs, court support, and intervention services
Lease Covenant
Backed by the State of Queensland – AAArated security
Community Impact
Integral part of the region’s youth rehabilitation and justice services
Location Advantage
Centrally located within Caboolture’s government and civic precinct
Fit-for-Purpose
Secure, functional layout tailored to operational and client needs
NLA 960m²
Gross Lease Term 7y 5m
Expiry 31/5/2030
The Department of Public Works – Child & Youth Justice is a cornerstone government tenant delivering essential services with deep community impact. Their long-term presence at 21 Hasking Street adds stability, social value, and investment-grade security to this quality commercial asset.
The Department of Public Works, on behalf of the Department of Youth Justice, operates a key government tenancy at 21 Hasking Street, delivering critical support services to vulnerable young people within the Moreton Bay region. This office plays an essential role in the Child and Youth Justice system, supporting early intervention, community supervision, restorative justice, and case management for at-risk youth.
The service is a frontline operational hub that facilitates youth engagement programs, probation services, court support, and re-integration pathways for young people in contact with the justice system. With a strong focus on rehabilitation and reducing reoffending, the Caboolture centre is a vital part of the Queensland Government’s broader youth justice strategy.
As a State Government tenant, the Department of Public Works represents a blue-chip covenant and provides investors with the security of a long-term, AAA-rated lease. Occupation at this central Caboolture address highlights the strategic importance of the region as a growing administrative and service delivery centre.
The tenancy is purpose-built to government specifications, including secure interview rooms, flexible workspaces, and enhanced safety features that meet operational requirements. Its proximity to key infrastructure—such as Caboolture Courthouse, police services, and public transport—makes it an ideal location for youth justice operations.
Tenant
Queensland Government –
Department of Public Works (Metro North Health)
Use Health program administration, community health services, and outreach coordination
Lease Covenant
Backed by the State of Queensland – AAArated security
Strategic Fit
Supports non-clinical functions in coordination with regional hospitals and health services
Social Impact
Facilitates vital programs supporting preventative health, mental health, and community wellbeing
Locational Strength
Centrally positioned within Caboolture’s civic and medical precinct, enhancing accessibility for staff and stakeholders
NLA 511m²
Gross Lease Term
6y
Expiry 31/12/2028
With health service demand forecast to grow significantly across South East Queensland, long-term tenants like Metro North Health provide both stability and social value. Their presence at 21 Hasking Street underpins the asset’s appeal as a secure, missioncritical facility within one of Queensland’s most rapidly developing regions.
The Department of Public Works, acting on behalf of Metro North Health, occupies a critical tenancy at 21 Hasking Street, supporting the delivery of public health services to residents across the Caboolture and Moreton Bay regions. As part of the Queensland Health portfolio, Metro North Health is one of the largest and most complex health service providers in the country, delivering hospital and community-based care to over 900,000 people.
This Caboolture-based facility is a non-clinical administrative and outreach centre, providing coordination, planning, and community engagement functions that support a wide range of health initiatives across the region. Services may include public health outreach, mental health and wellbeing support, Indigenous health programs, and preventative health initiatives—reflecting Metro North Health’s mission to promote healthy communities through integrated care.
Backed by the State of Queensland, the tenancy offers investors a government-grade lease covenant with low-risk, reliable income. The presence of Metro North Health at this address highlights Caboolture’s growing importance as a health and community services hub, with strong demographic and infrastructure fundamentals to support long-term government operations.
The space is purpose-adapted to suit administrative workflows and confidential client interactions, with secure access, adaptable interiors, and close proximity to both Caboolture Hospital and allied service providers.
TENANCY 1 NLA 511 m ²
ARTIST’S IMPRESSION ONLY: While every attempt has been made to ensure the accuracy of this floor plan all items are approximate and no responsibility is taken for any error, omission, or mis-statement This plan is for illustrative purposes only and should only be used as such by any prospective purchaser.
ARTIST’S IMPRESSION ONLY: While every attempt has been made to ensure the
of this floor plan all items are approximate and no responsibility is taken for any error, omission, or mis-statement This plan is for illustrative purposes only and should only be used as such by any prospective purchaser.
3 BIG REASONS TO INVEST
The City of Moreton Bay is quickly gaining recognition as one of Queensland’s most attractive regions for office property investment, offering a compelling mix of growth potential, infrastructure development, and long-term security. Rising construction costs, limited future supply, and proximity to key transit routes position Caboolture as a hotspot for savvy investors—making properties like 21-25 Hasking Street prime opportunities.
1. A Mandate for Growth
Moreton City has been designed as a new polycentric city, meaning that there are three different city hubs, instead of the more traditional solo-CBD model.
Caboolture CBD is one of the three hubs identified as Principal Activity Areas in the greater region. This means two things:
a. No other CBD-like office precincts will be approved in the upcoming master planned growth areas
b. Any Government departments or Government funded enterprises wanting to operate in this area MUST first look for options within this Principal Activity Area at properties like 21 Hasking Street.
2. A Booming Population
Caboolture is strategically positioned in Brisbane’s northern growth corridor, with immediate access to the Bruce Highway, North Coast Rail Line, and expanding local infrastructure. As businesses seek alternatives to Brisbane’s expensive and congested CBD, Caboolture offers a more affordable, accessible option, without sacrificing connectivity or amenity.
Access to labour is a key driver of business decision making. The fact that Caboolture will see 100,000 new residents move to the area in the next 12 years means many more businesses will be looking to Caboolture for their staffing solutions.
3. Strategic Capital Value Uplift
Whichever way you view this property, the potential for significant capital uplift is evident. Vacant land constraints and ballooning construction costs put the replacement cost of this asset comfortably into the the eight figure range.
Recent leases for comparable stock in the surrounding area have achieved over $100m2 more than the current passing rent of this property, indicating further potential uplift in the medium term.
Tightening yields and dropping interest rate projections mean your return could continue to improve from day one of ownership.
Why Act Now?
The build up of Olympic infrastructure, combined with the peak period of residential construction across Caboolture West over the next six years will create a perfect storm of supply/demand constraint as these tenancies approach their future market review dates. As the new owner, you will enjoy carefree passive income on the way to a significant capital uplift
“Caboolture represents a unique blend of growth, limited supply, and strategic accessibility. For investors seeking dependable returns and future upside, now is the time to secure premium office property in this high-growth corridor.”
- Ashley Rees, Senior Analysis
AMENITIES MAP
CABOOLTURE SQUARE MALL
CABOOLTURE STATE HIGH SCHOOL
CABOOLTURE HOSPITAL
BRUCE HWY M1 ON RAMP
BRUCE HWY M1 ON RAMP
AMPOL
LOCATION OVERVIEW
By 2031, Moreton Bay will have a larger population than Tasmania!
The rapidly expanding catchment has been the beneficiary of a perfect storm of post-COVID market conditions that will see the population double by 2041.
A strong pipeline of residential master planned precincts like Caboolture West, Morayfield South and North Harbour has seen a flood of State and Federal infrastructure investment geared to capitalise on Moreton Bay’s capacity to deliver a high volume of much needed affordable housing to help address the accommodation crisis.
The young, active demographic of the region provides a ready made labour pool that is proving increasingly attractive to businesses struggling with the tight labour market of today.
The result of these factors is an extremely strong industrial property market, as businesses jockey for position to capitalise on the workforce and construction pipeline of this booming region.
Moreton Bay has experienced a perfect storm of market conditions in the last four years that now has it positioned as one of the most strategic hubs in South East Queensland.
– Ashley Rees. RWC Senior Analyst
Act now to position yourself at the epicenter of success!
FOR SALE via Offers to Purchase
Closing at 4pm (AEST) on Thursday the 18 of September 2025, if not sold prior.
Due Diligence Information
A full suite of due diligence information is available upon request, including:
Leases & Renewals
Outgoings budgets & receipts
Council reports & surveys
Historical invoicing & payment history
Rental market evidence
To learn more about this investment opportunity, arrange an inspection or receive a copy of the compressive due diligence pack, please contact exclusive marketing agent Chris Massie or Troy Sturgess.
Chris Massie Director 0412 490 840 chris.massie@raywhite.com
Troy Sturgess Sales & Leasing Executive 0432 701 600 troy.sturgess@raywhite.com
DISCLAIMER
The information contained in this Information Memorandum and any other verbal or written information given in respect of the property (“Information”) is provided to the recipient (“you”) on the following conditions:
1. North Coast Commercial Properties Pty Ltd trading as Ray White Northern Corridor Group and or any of its officers, employees or consultants (“we, us”) make no representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied b y or on our behalf, whether orally or in writing.
2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative only and are subject t o change. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
4. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any listing price is inclusive or exclusive of GST.
5. We are not valuers and make no comment as to value. “Sold/ leased” designations show only that stock is “currently not available” – not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer.
6. The Information does not and will not form part of any contract of sale for the property. If an interested party makes an offer or signs a contract for the property, the only information, representations and warranties upon which you will be entitled to rely will be as expressly set out in such a contract.
7. Interested parties will be responsible for meeting their own costs of participating in the sale process for the property. We will not be liable to compensate any intending purchasers for any costs or expenses incurred in reviewing, investigating or analysing any Information.
8. We will not be liable to you (to the full extent permitted by law) for any liabilities, costs or expenses incurred in connection with the Information or subsequent sale of the property whatsoever, whether the loss or damage arises in connection with any negligence, default or lack of care on our part.
9. No person is authorised to give information other than the Information in this Information Memorandum or in another brochure or document authorised by us. Any statement or representation by an officer, agent, supplier, customer, relative or employee of the vendor will not be binding on the vendor or us.
10. To the extent that any of the above paragraphs may be construed as being a contravention of any law of the State or the Commonwealth, such paragraphs should be read down, severed or both as the case may require and the remaining paragraphs shall continue to have full force and effect.
11. You may not discuss the Information or the proposed sale of the property with the vendors or with any agent, friend, associate or relative of the vendor or any other person connected with the vendor without our prior written consent. We accept no responsibility or liability to any other party who might use or rely upon this report in whole or part of its contents.
12. The Information must not be reproduced, transmitted or otherwise made available to any other person without our prior written consent.
