 Asset Class: | Industrial |
 Price: | $ 12000000 |
 Net Yield: | 5.60 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Presenting an exceptional opportunity to purchase a brand new, fully leased, multi-tenanted, industrial freehold property on Brisbane's northside.<br><br>Rents are at market rates and the purchase price is under $3,000/sqm which represents exceptional value given land and build costs have been increasing. Market rents are expected to continue to grow in the short to medium term given low vacancy and the increasing land and build costs, which is expected to underpin the value growth of this property.<br><br>Further, this property has the ability to be leased to 3 separate tenants with 3 self contained units on the one site, providing diversity of income and risk.<br><br>The property is being sold in one line but lends itself the potential to strata title and sell the individual units separately for a premium price and value uplift in future (e.g. potential for 10% value premium, or approx. $1.2m potential value uplift, if sold units separately-subject to market conditions at the time)<br><br>We look forward to securing this opportunity for you.
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46 Mineral Sizer Court is located within the established industrial precinct of Narangba approximately 30km north of the Brisbane CBD, and adjacent to the Bruce Highway. Access to the Bruce Highway is provided via the Boundary Road interchange, which underwent a $61.7M upgrade in 2017 to improve access from the Brisbane Highway into the surrounding industrial precincts.<br><br>Narangba borders North Lakes, one of Australia’s leading Master Planned Communities that incorporates a vibrant mix of residential, commercial, retail, health, leisure, education, and recreational<br>community facilities. There is an unprecedented level of investment there which tenants and owners will benefit from well into the future. With the first Costco in Queensland,<br>Australia’s largest Bunnings Warehouse & IKEA, Narangba is thriving.<br><br>Narangba is positioned in one of the highest growth corridors in Australia.<br><br><b>Population snapshots:</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Greater Brisbane population is 2,700,000* at June 2023</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Southeast Queensland’s population is 4,000,000*</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Southeast Queensland’s population will increase to 6,000,000* by 2046</span></p></li></ul><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://profile.id.com.au/australia/about?WebID=280"><u>https://profile.id.com.au/australia/about?WebID=280</u></a><span></span>
Additional Location Information File<b><u>Titanium Caravans</u></b><br><br>Titanium Caravans is a passionate Australian-owned and family run business that specialises in designing and manufacturing premium off-road caravans.<br><br>They invest in quality machinery, source premium components, and boast in-house furniture, fabrication, and trades capabilities. The result… they have created Australia’s toughest and most refined caravan.<br><br>They offer first-class sales experience,dedicated customer service and an extensive warranty support network with 7 dealerships across NSW, VIC, QLD, WA and New Zealand.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://titaniumcaravans.com.au/"><u>https://titaniumcaravans.com.au/</u></a><span></span><br><br><br><b><u>Shower Enclosure Services</u></b><br><br><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Established in 1979, </span><a style="color:rgb(0, 0, 0);padding-left:0px;display:inline;" target="_blank" href="https://showerenclosures.com.au/contact/"><b><u>Shower Enclosure Service</u></b></a><span style="color:rgb(0, 0, 0);padding-left:0px;"> is a leading manufacturer of essential home fitouts – custom made glass shower screens, </span><span style="color:rgb(0, 0, 0);padding-left:0px;"><b>Sliding Glass Robe Doors</b></span><span style="color:rgb(0, 0, 0);padding-left:0px;"> and </span><span style="color:rgb(0, 0, 0);padding-left:0px;"><b>Customised Mirrors</b></span><span style="color:rgb(0, 0, 0);padding-left:0px;">.</span></p><br><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">Shower Enclosure Service is based in Narangba, on the north side of Brisbane in Queensland’s Moreton Bay region. Our services are available throughout Brisbane and Coast to Coast.</span></p><br><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);padding-left:0px;">For over 30 years, </span><span style="color:rgb(0, 0, 0);padding-left:0px;"><b>Shower Enclosure Service</b></span><span style="color:rgb(0, 0, 0);padding-left:0px;"> has been providing homeowners in Brisbane with top quality glass Shower Screens, sliding glass robe doors and </span><span style="color:rgb(0, 0, 0);padding-left:0px;"><b>Customized Mirrors</b></span><span style="color:rgb(0, 0, 0);padding-left:0px;"> that enhance the comfort, safety and livability of their homes. As a family business with 40 years combined experience, we pride ourselves on providing excellent service that combines extensive product knowledge and quality workmanship; made memorable by our personalized service and attention to detail that some large multinational companies simply cannot. We take the time to get to know our customers and their needs. We listen and aim to understand their desired outcomes – be it a style update, better functionality, or touches that will improve everyday enjoyment and add value to their bedrooms, bathrooms, and surrounds.</span></p><br><p style="padding-left:0px;"><a style="color:rgb(0, 0, 0);display:inline;padding-left:0px;" target="_blank" href="https://showerenclosures.com.au/about-us/"><u>https://showerenclosures.com.au/about-us/</u></a><span style="color:rgb(0, 0, 0);padding-left:0px;"></span></p>
Initial Term:
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Additional Financial Information FileInitial Term:
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Subject Property: 46 Mineral Sizer Court, Narangba - 4,045sqm (that can be split into 3 tenancies of 666sqm, 1,582sqm, 1797sqm) - $166/sqm net (averaged) 20 Saltwater Circuit, Narangba - 3,860 sqm (single tenant) - $186/sqm net 3 Mineral Sizer Court, Narangba - 2,563 sqm - $180/sqm net (2024 lease deal) 42 Mineral Sizer Court, Narangba - 2,583sqm (single tenant) - $155/sqm net (lease was agreed in 2022) 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.
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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;">Brand new (2025 completion) industrial freehold property</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;">Concrete tilt panel</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;">Ability to split the property into 3 separate tenancies</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;">Fully leased to 2 well regarded tenants</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;">Titanium Caravans (Units 1 and 2) - a large business with dealerships across NSW, VIC, QLD, WA and New Zealand</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;">Sliding Door Company (Unit 3) - a large business operating across Brisbane and Gold Coast since 1979.</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;">Long leases (5 years and 3 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;">Expansive site with ample hardstand</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;">Norther Brisbane Growth Corridor location - 20* minutes north of Brisbane CBD</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;">Premium industrial area with surrounding national and international tenants including Australia Post, MHA, Metaflex, Storehub, CSR.</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/showroom accommodation on ground and first floor</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;">Multiple roller door access</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;">Huge exposure to M1</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;">Large concrete apron for vehicle manouvering</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;">Separate office/visitor car parking area</span></p></li></ul><br><b>Key Details:</b><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;">Site Area: 6,772 sqm*</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;">Gross Lettable Area: 4,045 sqm* made up of:</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;">Unit 1: 1,797 sqm (1,506 sqm warehouse; 291sqm office/showroom)</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;">Unit 2: 1,582 sqm (1,333 sqm warehouse; 249 sqm office/showroom)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Unit 3: 666 sqm (514 sqm warehouse; 152 sqm office/showroom)</span></p></li></ul><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Average Net Rent ($/sqm): $166/sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Purchase Price ($/sqm): $2,967/sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">WALE: 4.2 years by income (as at 1 May 2025)</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;">Estimated Net Income: $671,883 p.a. + GST + Outgoings</span></p></li></ul><br><span style="font-weight:normal;">* Approx.</span><br><br><br><b>Why we like this property:</b><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;">Brand new - no upfront capex required</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;">Multi tenanted - leased to 2 tenants with the ability to lease to 3 separate tenants</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;">Long term leases</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;">Good value on $/sqm of building area (comparable sales of older industrial facilities in the area at $2,900/sqm)</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;">Large site - land value underpins the property value</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;">Good industrial location, close to M1</span></p></li></ul><br><span style="font-weight:normal;">Note: this deal is subject to further negotiation</span>
