 Asset Class: | Industrial |
 Price: | $ 16500000 |
 Net Yield: | 6.14 % |
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 in the rapidly growing suburb of Darra, located approximately 50 minutes from Brisbane CBD and the airport. It is strategically positioned with close proximity to the Centenary, Logan, and Ipswich Motorways.<br> <br>Situated on a 22,710 square metre site, the property features a total net lettable area of 7,466 square metres, including 400 square metres of office space and 7,066 square metres of warehouse space. The warehouse boasts 10-11 metre internal clearance, 6.8-metre under-beam clearance, access via six oversized roller doors, and low site coverage of 33%. Additionally, the property has DA approval for a 5,000-square-metre building extension, offering further development potential.<br> <br>The asset is occupied by Norm Engineering, a long-standing tenant with a strong trading history, having operated on-site for the past four years. The lease is structured as a net lease, with the tenant responsible for 100% of outgoings, including land tax, management fees, and insurance.<br> <br>This investment generates a net income of $1,012,693.00 per annum ($1,035,984.00 as of 01/07/2025) with annual rental increases set at CPI, ensuring continuous growth.
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Darra, a well-established industrial suburb in Brisbane, Queensland, has experienced significant growth due to its strategic location and strong transport infrastructure. Positioned approximately 14 km southwest of the Brisbane CBD, Darra benefits from direct access to major arterial roads, including the Ipswich Motorway, Centenary Highway, and Logan Motorway, making it a key hub for logistics, manufacturing, and warehousing.<br> <br>The suburb has seen steady population growth, with the wider Centenary region experiencing an increase in residents due to continued urban expansion and infrastructure investments. The Brisbane City Council’s planning initiatives support further commercial and industrial development in the area, enhancing its appeal to businesses. Darra’s industrial sector is diverse, hosting industries such as engineering, automotive, logistics, and food manufacturing. Companies like Norm Engineering, Bunnings Trade, and various logistics operators have established a strong presence, benefiting from the suburb’s accessibility and industrial zoning.<br> <br>Property values in Darra have shown resilience, with industrial land experiencing strong demand due to the increasing need for warehouse and distribution facilities. With ongoing investment in transport and business infrastructure, Darra continues to be a vital industrial and commercial hub in Brisbane, offering strong potential for businesses and investors alike.
Additional Location Information File<p style="">Norm Engineering:<span style="color:rgb(0, 0, 0);"> </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://www.normeng.com.au/"><u>https://www.normeng.com.au</u></a><span style="color:rgb(0, 0, 0);"></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p>Norm Engineering is a 100% Australian family-owned business specializing in earthmoving attachments since 1984. Supplying industries such as agriculture, mining, and construction, the company designs durable, custom-built attachments for mini loaders, skid steers, excavators, backhoes, and telehandlers.<br> <br>Known for its high-quality products, Norm Engineering offers a range of attachments, including the versatile 4-in-1 bucket, hydraulic rear rippers, dozer blade stick rakes, and auger drive units. The company is committed to innovation, providing expert advice to ensure customers get the right attachment for their needs. With a strong reputation for quality and service, Norm Engineering remains a trusted name in the Australian earthmoving equipment market.
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787 Boundary Road Darra – 7,466 sqm - $138.76/sqm 1727 Ipswich Road Rocklea – 6,041 sqm - $166/sqm C/101 Campbell Avenue Wacol – 4,000 sqm - $200/sqm 2/140 Viking Drive Wacol – 6,194 sqm - $192/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;">Prime 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;">Excellent connectivity</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 -22,710 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;">Net Lettable Area - 7,466 sqm</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;">Office Space - 400 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;">Warehouse Space - 7,066 sqm</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;">Future 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;">DA Approval for a 5,000 sqm building extension</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;">Norm Engineering</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% payable by the tenant</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 - $1,012,693.00 per annum ($1,035,984.00 as of 01/07/2025)</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;">Annual Rental Increases - CPI</span></p></li></ul>
