The property is a heavily under-rented multi-tenanted freehold industrial property located in one of Brisbane’s fastest growing corridors. The property has excellent access and located in a strategic main road adjacent to Bunnings.

At a purchase price of $12,100,000 ($2,016/sqm of GLA), the property was purchased at below replacement costs with an initial yield of 5.5% net, 3.5 Year WALE, and leased to two longstanding tenants.

Based on our market research, the property offers approximately 50% net rental upside (currently $111/sqm net). This is further verified by the valuer, valuing market rents at $165/sqm net.