 Asset Class: | Industrial |
 Price: | $ 7900000 |
 Net Yield: | 5.85 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<span style="color:rgb(0, 0, 0);">On offer is a freehold industrial investment in Northgate, one of Brisbane’s most tightly held and sought-after industrial suburbs. The property is located on a prime 3,022m2* corner site along Crockford Street, just 12 km from Brisbane’s CBD and 3 km from the Gateway Motorway. This strategic location provides seamless access to Brisbane Airport, the Port of Brisbane, and major arterial routes, making it highly desirable for industrial occupiers.</span><br><br><span style="color:rgb(0, 0, 0);">The property features a 2,009m2* GFA*, comprising a clearspan warehouse with generous internal clearance, a fully fitted 2-level office and showroom area, and five container-height roller doors offering dual street access. Designed with future flexibility in mind, the building is suitable for multiple tenancies and could easily be converted into a multi-unit complex if desired. The site is zoned IN2 General Industry B and includes ample on-site and street parking, ensuring functionality and versatility for a wide range of uses.</span><br><br><span style="color:rgb(0, 0, 0);">The property is fully leased to Sturdy Framac, a leading Australian supplier of commercial office furniture, established in 1968. The tenant will sign a 5x5-year fully net lease commencing upon settlement, with 3% fixed annual rent increases. Sturdy Framac will cover all outgoings, including MGMT fees, land tax, and insurance. There will also be a 3-month bank guarantee in place for additional security.</span><br><br><span style="color:rgb(0, 0, 0);">This investment is set to generate a first-year net income of $462,000* pa, underpinned by a high-quality, long-term tenant. With its prime location, strong lease terms, and adaptable design, this property offers an outstanding opportunity in Northgate’s thriving industrial precinct.</span>
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Northgate, located approximately 11km's northeast of Brisbane's CBD, is a key suburb within Brisbane's northern industrial precinct. Its strategic position offers direct access to major transport routes such as the Gateway Motorway, Airport Link Tunnel, Inner City Bypass, and Sandgate Road, ensuring seamless connectivity to Brisbane Airport and surrounding areas. Crockford Stree is a central arterial road in Northgate connecting efficiently to Nudgee and Earnshaw Roads, further enhancing the suburb's appeal for businesses requiring logistical convenience. As part of Brisbane's Northern Industrial Area—alongside neighboring suburbs like Geebung, Virginia, Nudgee, and Banyo—Northgate plays a vital role in supporting diverse industrial activities that contribute significantly to the local economy.<br><br><b>Brisbane City Overview</b><br><span style="color:rgb(0, 0, 0);">Brisbane is QLD’s capital city and considered one of Australia’s premier tourist and sports destinations. Alongside its proximity to many eastern coast beach lines, it is deemed Australia’s third largest city and home to more than 2,543,800 residents forecasted to grow to 3,500,000 by 2041. The 3 largest industries for employment include Health Care and Social Assistance, professionals, public administration, and safety. Brisbane is the largest contributor to economic activity within the state of QLD, set to experience over $25 billion in new infrastructure expenditure by 2031. The city is a world leader in many areas of research and home to 3 of Australia’s top universities. Brisbane has also staged major business events on the global stage, such as the G20 Leaders’ Summit in 2014.</span>
Additional Location Information File<span style="color:rgb(0, 0, 0);">Sturdy Framac is a leading Australian supplier of commercial office furniture, operating for over 50 years. Established in 1968, the company remains Australian-owned and managed, with a strong reputation for delivering high-quality, durable office furniture to government, corporate, and architectural markets. Sturdy Framac has been a Federal Government-endorsed supplier since March 1999, underscoring their commitment to quality and reliability. With manufacturing facilities in both Sydney and Brisbane, Sturdy Framac offers a diverse product range, ensuring flexibility in colour, fabric, finish, pricing, quantity, and lead time to meet customer needs. Their longstanding industry presence and proven track record have solidified their standing as a trusted supplier.</span><br><br><span style="color:rgb(0, 0, 0);">Source: </span><a style="color:rgb(220, 161, 13);display:inline;" target="_blank" href="https://aus01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.sturdy.com.au%2F&data=05%7C02%7Ckrystal%40rethinkinvesting.com.au%7Cabfdf0e18c0b47f5bc3808dd3c0bd1a3%7Cb654f9c94be24134804f7a0257ce8206%7C0%7C0%7C638732743689165901%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=%2BEKrwGPi%2BdbHuHd%2FB5HDHcCsc116xh4gBFPhS8goJeo%3D&reserved=0"><u>https://www.sturdy.com.au/</u></a><span></span>
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100 Crockford Street, Northgate - 2,009m2 - $230/m2 219 Toombul Road, Northgate - 1,200m2 - $215/m2 2/9 Guardhouse Road, Northgate - 1,184m2 - $250/m2 17 Ashtan Place, Banyo - 1,200m2 - $230/m2 1/11 Guardhouse Road, Banyo - 1,200m2 - $240/m2 Sales data 100 Crockford Street, Northgate - 2,009m2 - $3,832/m2 7 Guardhouse Road, Northgate - 1,530m2 - $3,856/m2 (sold 2023)
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Freehold industrial investment with established tenant</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);font-style:normal;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Prime corner site along Northgate’s most desirable Street</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Designed for flexibility, allowing easy division into multiple tenancies</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Zoned: IN2 General Industry B</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">GFA: 2,009m2*</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Land: 3,022m2* </span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Base rent: $462,000* pa + GST & outgoings</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant to pay all outgoings including MGMT, land tax, insurance and R&M</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Increases: 3% annually, market reviews at option</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Solidified tenant, Sturdy Framac, established since 1968</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">5x5-year lease term from settlement</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Well presented office accommodation over 2 levels</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Clearspan warehouse with generous internal clearance </span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Easy warehouse access via 5 container height roller doors</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Quality amenities - restrooms and kitchenette</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">39m* of frontage to Crockford Street and 73m* of frontage to Wentworth Place</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Ample on-site and street side parking available</span></p></li></ul>
