 Asset Class: | Industrial |
 Price: | $ 4000000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional commercial property presents a rare opportunity to acquire a high-performing industrial asset within one of Toowoomba’s fastest-growing industrial areas. Located approximately 15 minutes from Toowoomba’s CBD and 20 minutes from Toowoomba Wellcamp Airport, the property benefits from immediate access to major arterials including the Gore Highway and Toowoomba Bypass. Positioned among complementary industrial occupiers, it offers significant long-term growth potential.<br> <br>Situated within one of Toowoomba’s most sought-after industrial precincts, 18–26 Walters Drive, Harristown, offers a rare chance to secure a high-quality facility with a strong national tenant covenant. The site is strategically located and improved with premium-grade infrastructure, providing immediate rental income and long-term investment security through a five-year lease to national tenant Spectra Ingenuity.<br> <br>This substantial 6,916 square metre site includes a total building area of 1,466 square metres, comprising 1,186 square metres of warehouse space with an insulated roof, 3-phase power, and seven electric roller doors. The facility also features high-volume compressed air piping, four bays with sump drainage to a dedicated wash bay, and a 210 square metre drive-through awning enabling undercover loading.<br> <br>The office component totals 280 square metres and includes 10-zone ducted air conditioning, an open-plan layout, a large boardroom, and six private offices. Additional features include mezzanine file storage, a lunchroom, kitchenette, laundry, 25 dedicated parking spaces, a 120 square metre wash bay with oil separator, 95,000-litre rainwater storage capacity, and an extensive CCTV security system.<br> <br>The property is currently leased to Spectra Ingenuity, a leading Australian engineering and technology solutions group. It generates a net income of $240,000 per annum, with annual increases equal to the greater of CPI, ensuring continued rental growth.
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Toowoomba is one of the fastest-growing regions in Queensland. In 2023, its economic growth outpaced all major hubs in the state, including Brisbane, Ipswich, Logan, Moreton Bay, Cairns, Townsville, the Sunshine Coast, and the Gold Coast. The region continues to thrive due to strong domestic migration, a growing job market, and a solid foundation in agriculture. Economic diversification is underway, with mining, healthcare, and construction emerging as key growth drivers.<br><br>Toowoomba’s momentum is set to continue with several large-scale projects currently in the pipeline:<br><br><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;">Inland Rail – Gowrie to Helidon (G2H) ProjectThis project is one of 13 sections of the Inland Rail program and involves 28km of new dual-gauge track between Gowrie (north-west of Toowoomba) and Helidon (east of Toowoomba). It spans the local government areas of Toowoomba and Lockyer Valley.</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;">Boeing Aircraft Assembly FacilityBoeing has chosen Toowoomba as the preferred site for its first aircraft assembly facility outside North America. The facility will be located at the Wellcamp Aerospace and Defence Precinct at Wellcamp Airport, just 20 minutes west of the city.</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;">People First Bank HeadquartersPeople First Bank has committed to developing a purpose-built national head office in the Toowoomba CBD. This state-of-the-art campus-style complex will feature a minimum of 5,000m² of floor space, reinforcing the bank’s long-term presence in the city.</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;">New Toowoomba HospitalThe Queensland Government is investing $1.3 billion in a new hospital for Toowoomba. The five-year project includes the construction of a new hospital at the Baillie Henderson campus, while the existing hospital site will be transformed into a major health centre for day surgery, dental care, specialist outpatients, education, and training.</span></p></li></ul><br>
Additional Location Information FileSpectra Ingenuity: <a target="_blank" href="https://spectra-ingenuity.com.au" style="">https://spectra-ingenuity.com.au</a><br> <br>Spectra is a leading Australian engineering and technology solutions group with over 15 years of industry experience.<br>Specialising in the energy, infrastructure, renewables, and mining sectors, Spectra provides innovative solutions that enhance operational efficiency, reduce costs, and improve the overall performance of their clients’ projects. The company has built a strong reputation for delivering high-quality services to both national and international clients, positioning itself as a key player in multiple industries.<br><br>Located at 18-26 Walters Drive, Harristown QLD, Spectra leverages its state-of-the-art facilities to deliver advanced technologies that manage resource production, ensure well integrity, and provide geotechnical testing and infrastructure development. The company’s services are designed to meet the diverse needs of the industries it serves, offering tailored, high-performance solutions that drive success and sustainability.<br><br>Spectra’s team of experts is dedicated to pushing the boundaries of innovation, ensuring their clients receive the most efficient, cost-effective, and reliable solutions. With a focus on continuous improvement, Spectra maintains a forward-thinking approach, integrating the latest technologies to achieve optimal results for clients in challenging and evolving markets.
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18-26 Walters Drive Harristown - 1,466 sqm - $163/sqm 1 Technology Avenue, Wellcamp - 1,625 sqm - $145/sqm 50-54 Duhig St, Harristown – 1,070 sqm - $238/sqm 25 Industrial Av, Wilsonton - 1,450 sqm - $145/sqm 318 Anzac Ave Harristown - 1,187 sqm - $173/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;">Located within Toowoomba’s fastest-growing industrial areas.</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;">Property Details:</span></p></li><ul style="list-style-type:circle;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;">Site area: 6,916m²</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;">Building area: 1,466m²</span></p></li><ul style="list-style-type:square;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;">1,186m² warehouse</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;">280m² office space</span></p></li></ul><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;">7 electric roller doors, 3-phase power</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;">210m² drive-through awning</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;">4 bays with sump draining to wash bay</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;">120m² wash bay with oil separator</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;">25 car parks</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;">Mezzanine, lunchroom, kitchenette, laundry</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;">95,000L rainwater tanks & CCTV system</span></p></li></ul><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 national tenant - Spectra Ingenuity</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 - $240,000 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;">Annual Increases - CPI</span></p></li></ul>
