 Asset Class: | Industrial |
 Price: | $ 10126000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
<p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;">This exceptional commercial property presents a unique opportunity to acquire a newly constructed, high-performing industrial asset—specifically a Food Production and Cold Storage Facility. It is strategically located approximately 15 radial kilometres southwest of the Brisbane CBD, with close proximity to three of Brisbane’s largest arterials: Ipswich Motorway, Logan Motorway, and Centenary Highway. </span></p><p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;">The property is perfectly positioned in the heart of Metroplex Westgate, a 90-hectare, $1 billion industrial and business park. </span></p><p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;">The property consists of a total site area of 2,999 square metres, with a building area of 1,520 square metres. It features a large, high-bay freezer and cold rooms, alongside an expansive food production area with significant improvements. The property is a high-profile site with dual street frontage, offering exposure to Boundary Rd in Richlands. It includes a large external hardstand area, designed with three on-grade roller doors, a loading dock, dual crossovers, and drive-through access for seamless truck movements. Additionally, it has a significant power supply of 800 Amps and ample on-site car parking. </span></p><p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;">This investment also includes a brand-new 10-year lease with substantial fit-out to Gilbert Street Kitchens, a well-established food production business operating multiple ventures. Gilbert Street Kitchens takes a multifaceted approach to food production, offering nutritious direct-to-consumer meals as well as B2B products catering to the food service industry. </span></p><p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style="padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;">The property generates a net income of </span>$607,564<span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> per annum, with annual rental increases of </span>greater of CPI or 3.5%.<span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> Its combination of a prime location, strong rental yield, and long-term lease security makes this a highly attractive investment opportunity with excellent potential for future growth. </span></p>
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<p style=" padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;">Richlands is strategically positioned within a thriving industrial and commercial precinct, benefiting from close proximity to major transport routes, including the Ipswich Motorway, Logan Motorway, and Centenary Highway. This area is primed for continued growth, with Richlands experiencing significant development as part of the Metroplex Westgate industrial and business park. Richlands’ proximity to these major arterials provides excellent connectivity for logistics and distribution, making it an ideal location for food production and cold storage facilities like the one we are marketing.</span><span style="color:rgb(0, 0, 0);padding-left:0px;"><b> </b></span></p><p style=" padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;">In addition to its strategic location, Richlands benefits from a skilled and growing workforce, with the area poised for substantial population and economic growth in the coming decades. The local workforce participation rate is strong, and the area is set to continue its development as a key industrial hub in the Brisbane region. This provides a solid foundation for businesses such as Gilbert Street Kitchens, which serves both direct-to-consumer markets and B2B solutions for the food service industry.</span><span style="color:rgb(0, 0, 0);padding-left:0px;"><b> </b></span></p><p style=" padding-left:0px;"><span style="color:rgba(0, 0, 0, 0.847);padding-left:0px;"> </span></p><p style=" padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;">With the combination of its prime location, growing industrial presence, and robust infrastructure, Richlands offers significant potential for long-term growth and investment opportunities in sectors like food production, logistics, and warehousing.</span><span style="color:rgb(0, 0, 0);padding-left:0px;"><b> </b></span></p>
Additional Location Information File<p style=" padding-left:0px;margin-inline-start:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;margin-inline-start:0px;">Gilbert Street Kitchens: </span><a style="color:rgb(5, 99, 193);padding-left:0px;margin-inline-start:0px;display:inline;" target="_blank" href="https://www.gskitchens.com.au/"><u>https://www.gskitchens.com.au</u></a><span style="color:rgb(68, 114, 196);padding-left:0px;margin-inline-start:0px;"> </span></p><p style=" padding-left:0px;margin-inline-start:0px;"><span style="color:rgb(214, 201, 173);padding-left:0px;margin-inline-start:0px;"> </span></p><p style=" padding-left:0px;margin-inline-start:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;margin-inline-start:0px;">Gilbert Street Kitchens (GSK) offers a comprehensive approach to food production. </span></p><p style=" padding-left:0px;margin-inline-start:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;margin-inline-start:0px;"> </span></p><p style=" padding-left:0px;margin-inline-start:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;margin-inline-start:0px;">Their B2C brand, The St. Food Co., delivers high-quality, delicious meals directly to consumers. Meanwhile, their B2B brand, EveryChef, provides both individual and bulk food solutions tailored to the food service industry. </span></p><br><span style="color:rgb(0, 0, 0);padding-left:0px;">In addition, GSK is equipped to service contract packing customers, offering flexible solutions to meet specific needs. Contact our experienced team for further information. </span>
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16 Whitelaw Place Richlands QLD 4077 – 1,520 sqm - $399.71/sqm Site 560 Logistics Drive Archerfield - 5,617 sqm - $348/sqm 31 Lahrs Road Ormeau - 11,197 sqm - $320/sqm Boronia Road Brisbane Airport - 7,996 sqm - $391/sqm 19 Hashim Place Berribna - 9390 sqm - $344/sqm
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<p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Food Production and Cold Storage Facility </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Situated in Metroplex Westgate, a 90-hectare, $1 billion industrial and business park </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Total site area: 2,999 square metres </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Total building area: 1,520 square metres </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Features: </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Large high-bay freezer and cold rooms </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Expansive food production area with significant improvements </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">High-profile site with dual street frontage, exposure to Boundary Rd in Richlands </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Large external hardstand area </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Three on-grade roller doors, loading dock, dual crossovers, drive-through access for easy truck movements </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">800 Amps power supply </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Ample on-site car parking </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Investment includes a brand-new 10-year lease to Gilbert Street Kitchens </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Well-established food production business </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Net income: </span><span style="color:rgb(0, 0, 0);padding-left:0px;background-color:rgb(255, 255, 255);">$607,564</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> per annum </span></p><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Annual rental increases: </span><span style="color:rgb(0, 0, 0);padding-left:0px;background-color:rgb(255, 255, 255);">Greater of CPI or 3.5%</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p>
