 Asset Class: | Industrial |
 Price: | $ 2435000 |
 Net Yield: | 5.75 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
This exceptional commercial property presents a rare opportunity to acquire a prime industrial asset with future development potential in the high-growth area of Kallangur. Conveniently located less than 25 minutes from Brisbane Airport and under 40 minutes from Brisbane CBD, this property offers both strong investment returns and long-term potential.<br><br>The asset comprises a 3,036 sqm site in a strategic location, featuring a total net lettable area of 800sqm, including 220sqm of office space, 580sqm of rear warehouse and awning. Most of the site remains greenfield, surrounded by tilt-panel warehousing, providing excellent future development opportunities.<br><br>This property has been owner-occupied by Kenton Ross Funerals since 1996 and offers a secure 3-year lease term with 2 x 3-year options. It generates a net income of $140,000 per annum, with 4% annual rental increases, ensuring consistent growth.
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Is this property in a flood zone?
Is this lease a leaseback arrangement?
Kallangur, located within the City of Moreton Bay, Queensland, has experienced notable growth and development in recent years. The suburb’s population has steadily increased, growing from 20,405 residents in the 2016 Census to 21,761 in 2021, reflecting a 6.6% rise over five years. As of June 2023, the estimated population for the combined Dakabin-Kallangur area reached 28,821, showing continued expansion. With a median age of 35, slightly younger than the Queensland average, Kallangur is home to a growing community, particularly families and working professionals.<br> <br>The local economy has strengthened significantly, with employment numbers rising and unemployment decreasing between 2016 and 2021. Kallangur has a strong working-class population, making up 38% of the suburb’s demographic, placing it in the top 21% nationally for this sector.<br> <br>With its strategic location, increasing population, and strong economic indicators, Kallangur continues to be an attractive destination for residents and investors, offering long-term potential investment opportunities.
Additional Location Information FileKenton Ross Funerals: <a target="_blank" href="https://www.krfunerals.com.au" style="color:rgb(44, 123, 208);">https://www.krfunerals.com.au</a><br> <br>Kenton Ross Funerals provides compassionate and professional funeral services across Brisbane and South-East Queensland since 1996. They understand that every funeral should be a meaningful tribute to a loved one, which is why they offer fully personalised farewell services tailored to individual wishes.
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(Warehouse) 1183-1185 Anzac Avenue Kallangur – 580 sqm - $89/sqm (Office) 1183-1185 Anzac Avenue Kallangur – 220 sqm - $400/sqm (Office Space)1463 Anzac Avenue Kallangur – 183 sqm - $275/sqm (Office Space) 64 Sheaves Road Kallangur – 250 sqm - $520/sqm (Warehouse & Office) 1/93-95 Kabi Circuit Deception Bay – 573 sqm -$163.35/sqm (Warehouse & Office) 4/2-8 Kabi Circuit Deception Bay – 509 sqm - $180/sqm
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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(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Industrial Asset</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Strategic Location - high-growth Kallangur</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Strong future development opportunities</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Land Area - 3,036sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Lettable Area - 800sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Office Space - 220sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rear Warehouse and awning - 580sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Owner-occupied - Kenton Ross Funerals for the past 30 years.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Secure 3-year lease</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 2 x 3-year options</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Income - $140,000 per annum</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Outgoings – 100% payable by the tenant (Including statutory expenses, insurance & management fees)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Annual Rental Increases - 4%</span></p></li></ul>
