Industrial | 4-8 Mackie Way, Brendale, QLD 4500

Presenting an exceptional opportunity to purchase a prime industrial property, with multiple warehouses and manufacturing facilities on an expansive site, spread across two adjoining freehold titled lots, leased to a global, stock exchange listed, long term tenant, in one of the premier industrial precincts in northern Brisbane.

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Why we like this property:

• Industrial - strong asset class with prominent growth drivers
• Large site - high underlying land value that is expected to grow over time
• Two separate titles with a warehouse/office on each – can be sold off separately
• Two separate buildings on each side of the block – potential for multiple tenants long term
• Global tenant with a long term current lease of 7 years - the tenant has been in occupation for 30+ years
• Net lease - tenant pays all outgoings
• Significant tenant investment into the property (e.g. robotics within warehouse and batching silos) - creating a greater chance the tenant will want to stay longer term
• Recent capex spent on the property including new roof, insulation, downpipes and drainage
• Exceptional location - premier industrial precinct in northern Brisbane
• Low rents ($140/sqm passing vs $170/sqm market net rent) - this equates to $2,300,000 potential value uplift at 6% cap rate.
• Strong yield for this style of property at 6.3% - normally this style of property in Brisbane would achieve yields in the 5%'s.