 Asset Class: | Industrial |
 Price: | $ 8000000 |
 Net Yield: | 5.98 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p class="mb-4">This premium industrial asset comprises eight tenancies on a single title, underpinned by a substantial 4,269m2 landholding in Narangba’s thriving Boundary Industry Zone Estate (BIZ). Generating a strong net annual income of $478,270, the property benefits from a diverse tenant mix with staggered lease expiries, ensuring stable cash flow and income security. Located just 600m from the Bruce Highway with direct access to Brisbane, Sunshine Coast, Brisbane Airport, and the Port of Brisbane, the asset offers excellent exposure, accessibility, and connectivity. Modern construction delivers significant depreciation benefits, while the General Industry zoning allows for 24/7 operations in a precinct with sub-1% vacancy, highlighting the strength of ongoing tenant demand.</p>
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How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<p>The property is strategically located within the <strong>Boundary Industry Zone Estate (BIZ)</strong> in Narangba, just <strong>600m from the Bruce Highway</strong> which sees over 164,000 vehicles passing daily. This prime position offers exceptional accessibility and visibility.</p> <p>Narangba enjoys a strategic location on Brisbane's northside with excellent connectivity to key transport infrastructure and commercial hubs. The site is well-positioned to service <strong>Brisbane Northside, Moreton Bay, and the Sunshine Coast region</strong>.</p> <p>The area benefits from excellent transport links with <strong>Brisbane CBD just 40 minutes away</strong>, <strong>Brisbane Airport within 25 minutes</strong>, <strong>Port of Brisbane 35 minutes</strong>, and the <strong>Sunshine Coast 45 minutes</strong> away. The property is easily accessible via Boundary Road, making it an ideal location for businesses requiring efficient logistics and distribution capabilities.</p> <p>Narangba's industrial precinct is highly sought-after with vacancy rates <strong>below 1%</strong>, indicating strong demand and limited supply in this growing commercial area.</p>
Additional Location Information File<p class="mb-4">The property features a diverse mix of eight tenancies, including the vendor leasing back 2 x units to enable reletting to the ultimate tenant during the lease term.</p><p class="mb-4">Strong income diversification:</p><ul class="bullet-list"><li><p class="mb-4"><strong>Unit 1:</strong> Hye Jeong Han & Suchul Pi - 3-year lease commenced December 2023 with 2 x 3-year options, fixed 3% annual reviews, generating $61,800 p.a.</p></li><li><p class="mb-4"><strong>Unit 2:</strong> Currently vacant with 12-month rent guarantee from settlement, generating $56,980 p.a.</p></li><li><p class="mb-4"><strong>Unit 3:</strong> Diamond Air & Energy Pty Ltd - 3-year lease commenced February 2024 with 1 x 2-year option, 3% or CPI annual reviews, generating $57,165 p.a.</p></li><li><p class="mb-4"><strong>Unit 4:</strong> Strike Plumbing Pty Ltd - 2-year lease commenced December 2023 with 1 x 2-year option, fixed 3% annual reviews, generating $57,680 p.a.</p></li><li><p class="mb-4"><strong>Unit 5:</strong> Gridcom Pty Ltd - 3-year lease commenced January 2025, 3% or CPI annual reviews, generating $65,860 p.a.</p></li><li><p class="mb-4"><strong>Unit 6:</strong> Currently vacant with 12-month rent guarantee from settlement, generating $58,090 p.a.</p></li><li><p class="mb-4"><strong>Units 7 & 8:</strong> Jet Facades Pty Ltd - 3-year lease commenced December 2023 with 1 x 3-year option, fixed 3% annual reviews, generating $120,695 p.a.</p></li></ul>
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<p class="mb-4">The property generates a substantial <strong>$478,270 per annum ($185/sqm) net plus GST</strong> from its eight industrial units. The income is balanced across a diverse tenant mix with staggered lease expiries, and rental upside being <$200/sqm when compared with new stock across the northern suburbs.</p><p class="mb-4">Current tenancies include:</p><ul class="bullet-list"><li><p class="mb-4">Unit 1: K1 Auto Motors - <strong>$61,800 p.a.</strong> - 3-year lease with 2×3 year options</p></li><li><p class="mb-4">Unit 2: 12-Month lease back - <strong>$56,980 p.a.</strong></p></li><li><p class="mb-4">Unit 3: Diamond Air & Energy - <strong>$57,165 p.a.</strong> - 3-year lease with 1×2 year option</p></li><li><p class="mb-4">Unit 4: Strike Plumbing - <strong>$57,680 p.a.</strong> - 2-year lease with 1×2 year option</p></li><li><p class="mb-4">Unit 5: Gridcom - <strong>$65,860 p.a.</strong> - 3-year lease</p></li><li><p class="mb-4">Unit 6: 12-Month lease back - <strong>$58,090 p.a.</strong></p></li><li><p class="mb-4">Units 7 & 8: Jet Facades - <strong>$120,695 p.a.</strong> - 3-year lease with 1×3 year option</p></li></ul><p class="mb-4">Most leases include <strong>3% fixed annual increases</strong> or CPI (whichever is greater), providing secure income growth. The near-new construction offers significant depreciation benefits, enhancing after-tax returns for investors.</p>
Additional Financial Information FileInitial Term:
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<p class="mb-4">$100,000 deposit, 3 days from execution and the balance of 5% once finance is satisfied</p><p class="mb-4"></p>
<ul class="bullet-list"><li><p class="mb-4">Subject Property: <strong>38 Mineral Sizer Court, Narangba</strong> - $185/sqm</p></li><li><p class="mb-4">Recent leasing in similar areas industrial ranges between $185/sqm - $230/sqm</p></li><li><p class="mb-4">Leasing rates in the surrounding areas range between $170/sqm to $200/sqm for these spaces.</p></li><li><p class="mb-4">20 Saltwater Circuit, Narangba - 3,860 sqm (single tenant), $186 /sqm net </p></li><li><p class="mb-4">3 Mineral Sizer Court, Narangba - 2,563 sqm - $180/sqm net (2024 lease deal) </p></li><li><p class="mb-4">Note: the above rents have been provided by third parties and not verified to leases, therefore, they are subject to valuation and further due diligence.</p></li></ul>
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Finance:
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Settlement:
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<ul class="bullet-list"><li><p class="mb-4">Premium industrial asset with <strong>eight</strong> (8) tenancies on a single title</p></li><li><p class="mb-4">2581m2 GLA, on a substantial land holding of 4,269 sqm in a strategic growth location</p></li><li><p class="mb-4">Strong net income of <strong>$478,270</strong> including 2 x vendor lease backs (24% NLA, Units 2 & 6)</p></li><li><p class="mb-4">Diverse tenant mix providing income security through staggered lease expiries</p></li><li><p class="mb-4">Modern construction offering significant depreciation benefits</p></li><li><p class="mb-4">Prime position within Narangba's industrial hub with below 1% vacancy rates</p></li><li><p class="mb-4">Excellent exposure and accessibility just 600m from Bruce Highway</p></li><li><p class="mb-4">General Industry zoning allowing for 24/7 operations</p></li><li><p class="mb-4">Ample on-site car parking for tenants and customers</p></li><li><p class="mb-4">Strategic location with easy access to Brisbane, Sunshine Coast and key transport hubs</p></li><li><p class="mb-4">Recently signed leases with fixed annual increases</p></li></ul>
