![]() Asset Class: | Industrial |
![]() Price: | $ 7780000 |
![]() Net Yield: | 5.51 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
On offer is a prime industrial investment in Eagle Farm, one of Brisbane’s leading industrial hubs known for its connectivity, just 15 minutes from the CBD and 10 minutes from the Airport.<br>The site spans a 3,328m2* freehold block, with a NLA of 1,942m2*, comprising a 743m2* warehouse and mezzanine storage area, plus 1,199m2* of modern corporate office space.<br>The property also has multiple roller doors, 41 on-site parking bays, and IN2 General Industry zoning, making it well-suited to a variety of businesses.<br> Its strategic location near major transport routes such as the Gateway Arterial network, Port of Brisbane, ICB, Clem7, and Airport Link tunnels ensures seamless access to key infrastructure and amenities. <br> <br>It comes fully leased to Civil Mining & Construction, who have occupied the site since 2022. They are on a 7-year lease to 2029 and have another 7-year option extending to 2036. <br>Their lease includes 3.5% fixed annual increases, and the tenant covers all outgoings, including land tax, insurance, and management fees.<br>The property is currently underlet and its rate per sqm should be $30/m2 to $50/m2 higher than at present, offering significant rental uplift potential of $58,000* - $95,000* pa. <br>This is a cracking industrial investment underpinned by a national tenant and one that is set to provide its incoming owner an annual net income of $428,000* pa after all outgoings. <br>
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<p style="margin-inline-start:0px;"><span style="color:rgb(0, 0, 0);"><b>Eagle Farm</b></span><span style="color:rgb(0, 0, 0);"> is one of Brisbane’s most sought-after industrial precincts, strategically located on Lavarack Avenue with direct access to Kingsford Smith Drive via Harvey Street.</span></p><p style="margin-inline-start:0px;"><span style="color:rgb(0, 0, 0);">As a key part of the Australian TradeCoast Precinct, Eagle Farm provides seamless connectivity to the CBD, Brisbane Airport, and both the northern and southern suburbs via the Gateway Motorway.</span></p><p style="margin-inline-start:0px;"><span style="color:rgb(0, 0, 0);">Recent infrastructure upgrades to Kingsford Smith Drive have further improved access, increasing the precinct’s appeal for businesses. With proximity to the Hamilton Northshore Urban Development, </span></p><span style="color:rgb(0, 0, 0);">which will host the 2032 Olympic Village, Eagle Farm is poised for future growth and redevelopment, further driven by its easy access to both Brisbane’s domestic and international airport terminals.</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span><br><br><p style=""><span style="color:rgb(68, 114, 196);"><b>Brisbane City Overview </b></span><span style="color:rgb(0, 0, 0);padding-left:0px;"><b> </b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Brisbane is QLD’s capital city and considered one of Australia’s premier tourist and sports destinations. </span></p><p style=""><span style="color:rgb(0, 0, 0);">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. </span></p><p style=""><span style="color:rgb(0, 0, 0);">The 3 largest industries for employment include Health Care and Social Assistance, professionals, public administration, and safety. </span></p><p style=""><span style="color:rgb(0, 0, 0);">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. </span></p><p style=""><span style="color:rgb(0, 0, 0);">The city is a world leader in many areas of research and home to 3 of Australia’s top universities. </span></p><p style=""><span style="color:rgb(0, 0, 0);">Brisbane has also staged major business events on the global stage, such as the G20 Leaders’ Summit in 2014.</span></p><br><p style=""><span style="color:rgb(68, 114, 196);"><b>2032 Brisbane Olympic Games </b></span></p><p style=""><span style="color:rgb(0, 0, 0);padding-left:0px;"><b> </b></span></p><p style=""><span style="color:rgb(0, 0, 0);">The 2032 Brisbane Olympic Games is set to propel the state into a new era of growth. The Games’ will bring several economic, social, and cultural benefits to the city. </span></p><p style=""><span style="color:rgb(0, 0, 0);">The event is set to deliver $8.1 billion in benefits to QLD including a $4.6 billion economic boost to tourism and trade and $3.5 billion in social improvements and community benefits. </span></p><p style=""><span style="color:rgb(0, 0, 0);">The QLD Government will fund the $2.7 billion redevelopment of the Gabba, while the Federal Government will provide $2.5 billion for the Brisbane Arena development. </span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><u>Key Highlights</u></span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">• 10 venues and 17 sports to be located within 5km of Brisbane CBD</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">• Significant supply chain opportunities for Queensland SMEs</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">• Considered Games planning could catalyse and fast-track delivery of priority projects</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">• Hotels to benefit from Games induced visitation</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">• Provide significant supply chain opportunities for QLD industrial and food distribution businesses</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><br><br><p style=""><span style="color:rgb(68, 114, 196);"><b>Queensland Growth</b></span></p><p style=""><span style="color:rgb(0, 0, 0);padding-left:0px;"><b> </b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Queensland’s $500 billion economy has been supported by continued, strong population growth and a resource boom over the past two decades, exceeding the national average and placing the state in </span></p><p style=""><span style="color:rgb(0, 0, 0);">a strong position to exceed growth expectations. In the 12 months leading up to April 2024, QLD has seen a 2.2% growth rate in its retail trade during, resulting in an increase of $137 million in trade turnover. </span></p><p style=""><span style="color:rgb(0, 0, 0);">QLD achieved the third-highest population growth rate of 2.6% during the 12 months leading up to June 2023.</span></p><p style=""><span style="color:rgb(0, 0, 0);">Regarding employment, for the year ending in April 2024, the QLD growth rate rose again by a further 3.96%, employing over 111,000 individuals.</span><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);padding-left:0px;"> </span></p>
Additional Location Information File<br>Civil Mining and Construction (CMC) is a trusted civil partner, primarily collaborating with ASX-listed companies, large private enterprises, and government authorities to conceptualize, design, and deliver complex infrastructure projects.<br>With a strong presence across regional towns and cities along Australia’s eastern seaboard, CMC has been operating for over 20 years, providing expertise and innovative solutions in the civil construction sector. <br>Source: <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://cmc.net.au/about-us/"><u>https://cmc.net.au/about-us/</u></a>
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21 Lavarack Avenue, Eagle Farm – 1,942m2 - $220/m2 25 Lavarack Avenue Eagle Farm – 1,448m2 - $300/m2 601 Curtin Avenue, Eagle Farm – 1,100m2 - $318/m2 775A Kingsford Smith Drive, Eagle Farm – 1,635m2 - $260/m2 8 Hakea Street, Brisbane Airport – 2,293m2 - $250/m2 5/41-55 Kenyon Street, Eagle Farm – 605m2 - $306/m2 1/41-55 Kenyon Street, Eagle Farm – 1,209m2 - $289/m2 13 Smallwood place, Murarrie – 4,000m2 - $300/m2 13 Smallwood place, Murarrie – 4,000m2 - $300/m2
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Freestanding office/warehouse facility in desirable Eagle Farm area <br>∙Prime location with strong connectivity to Port of Brisbane and key arterials <br>∙Leased to national tenant Civil Mining & Construction <br>∙Zoned: IN2 General Industry <br>∙Net Income: $428,490* pa <br>∙Land: 3,328m2* <br>∙GFA: 1,942m2* <br>∙Comprising 1,199m2* of modern, corporate office & 743m2* warehouse/mezz <br>∙41 on-site parking bays <br>∙Access to warehouse component via multiple roller shutter doors <br>∙Eagle Farm - One of Brisbane’s most connected locations <br>∙Tenant pays all outgoings including MGMT, land tax and insurance <br>∙Only 10 minutes to Brisbane Airport and 15 minutes from Brisbane CBD <br>∙UPSIDE 1: $30/m2 uplift in rents, equates to $58,000 in additional revenue ($1m in growth) <br>∙UPSIDE 2: $30/m2 uplift in rents, equates to $95,000 in additional revenue ($1.7m growth) <br>