 Asset Class: | Industrial |
 Price: | $ 20500000 |
 Net Yield: | 6.13 % |
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. The property benefits from immediate access to key transport infrastructure, including The Gore Highway—an integral part of the national Melbourne-Brisbane corridor. It is located approximately 15 minutes from Toowoomba’s CBD and 20 minutes from Toowoomba’s airport.<br> <br>The freestanding industrial warehouse, constructed with durable concrete tilt panels, sits on a 4.58-hectare land area and consists of a gross lettable area of 4,434 square metres. With High Impact Industry zoning and low site coverage, the property offers excellent potential for future development and expansion.<br> <br>The high-clearance warehouse includes an engineering and mechanical workshop, a dedicated store/office area, amenities, a heavy-duty bay, and a spray booth, providing a well-equipped and adaptable environment for various business operations. The two-level office features a mezzanine with partitioned offices, a staff room, and additional storage, offering further flexibility to accommodate a variety of operational needs.<br> <br>The property also includes a state-of-the-art concrete batching facility capable of producing approximately 180 cubic meters of concrete per hour. Additionally, the site offers approximately 20,000m² of concrete and gravel sealed hardstand, with 15,000m² dedicated to the batching facility and the remaining 5,000m² allocated for storage and truck circulation.<br> <br>The asset is anchored by the reputable ASX-listed Wagner’s Holding Company (ASX: WGN), which has been onsite since 2019 and is responsible for 100% of outgoings. The property generates a net income of $1,257,234.08, with annual increases equal to the greater of CPI or 3%.
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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.<br>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>
Additional Location Information FileWagners: <a style="display:inline;" target="_blank" href="https://www.wagner.com.au/main/what-we-do/concrete/concrete/"><u>https://www.wagner.com.au/main/what-we-do/concrete/concrete/</u></a><br> <br>Founded in 1989 in Toowoomba, Queensland, Wagners is a prominent producer of construction materials and services, serving both Australian and international markets. Listed on the ASX, the company is renowned for its innovation, integrated operations, and global reach. <br><br>Wagners’ Construction Materials and Services (CMS) division provides a comprehensive range of products, including cement, concrete, aggregates, bulk haulage, precast concrete, and reinforcing steel. The company’s New Generation Building Materials (NGBM) business is dedicated to developing advanced, sustainable materials that reduce environmental impact, such as Earth Friendly Concrete and Composite Fibre Technologies, which are used in projects globally. Additionally, Wagners operates a specialised in- house engineering and maintenance workshop, delivering innovative solutions across both CMS and NGBM divisions, further strengthening the company’s vertical integration.<br><br>The company’s Guiding Principles form the cornerstone of its operations, driving a commitment to continuous progress and the achievement of positive outcomes for all stakeholders. Wagners takes a proactive approach to addressing challenges, focusing on innovation, value creation, and long-term growth. The company is dedicated to providing rewarding career opportunities for employees and delivering superior products and services. Safety remains the highest priority, with an uncompromising commitment to maintaining rigorous safety standards across all global operations.
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580 Alderley Street Toowoomba City - 4,434 sqm - $283.54/sqm 1 Technology Avenue, Wellcamp - 1,625 sqm - $145/sqm 1-7 Mansell St Wilsonton - 4,190 sqm - $113/sqm 50-54 Duhig St, Harristown – 1,070 sqm - $238/sqm 25 Industrial Av, Wilsonton - 1,450 sqm - $145/sqm 20 Carrington Road Torrington – 1010 sqm - $200/sqm (High visibility) 8/6-8 Production Court Toowoomba – 1867 sqm – $132/sqm 1, Technology Ave, Wellcamp – 1,625 sqm – $141/sqm 16-20 Project Street, Warwick – 1,680 sqm - $135/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 Overview:</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;">Freestanding industrial 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;">Land Area - 4.58-hectare</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 - 4,434 square metres.</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;">Future Development And Expansion Potential.</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;">High-clearance warehouse with an engineering and mechanical workshop.</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;">Dedicated store/office area</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;">Two-level office with a mezzanine</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;">Concrete Batching Facility & Hardstand:</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;">State-of-the-art concrete batching facility with a production capacity of approximately 180 cubic meters per hour.</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 and Gravel Sealed Hardstand - 20,000 square metres</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;">Batching Facility - 15,000 square metres</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;">Allocated For Storage and Truck Circulation - 5,000 square metres</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;">ASX-listed Wagner’s Holding Company</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;">Outgoings -100%</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 - $1,257,234.08 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 - Greater of CPI or 3%</span></p></li></ul>
