 Asset Class: | Industrial |
 Price: | $ 991525 |
 Net Yield: | 5.90 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
On offer is a brand new high-truss industrial warehouse with corner-site exposure in <br>a small complex of seven commercial units, located in the Crestmead industrial <br>precinct south of Brisbane. The developer has just completed the project and is <br>leasing back for an extended 15 month period, paying all property outgoings plus <br>funding the re-letting of the property to a permanent tenant that meets the <br>buyer/lessor's satisfaction. Located in the heart of the Crestmead industrial estate, <br>this secure Unit 6 is designed to be versatile for a range of service, industrial and <br>commercial tenant operators and has direct vehicle access from the main street. The <br>Crestmead region is experiencing a major boost in infrastructure spending with <br>increased institutional investment as a prime industrial hub for Southeast <br>Queensland; close to significant arterial connections including Mount Lindesay <br>Highway, Logan Motorway and Gateway Motorway. Magnesium Drive is a tried and <br>tested industrial street home to a number of Australia's biggest blue chip tenants <br>including; John Deere, VISY, Metcash, Oxworks, John Holland and AGCO. Situated <br>minutes from 55mins to Gold Coast and 30km to Brisbane CBD
How old is the asset?
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Is this property strata titled?
Are the seller and tenant related parties?
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?
Crestmead is located approximately 30km south of the Brisbane CBD on the Logan <br>Motorway and Mt Lindsay Highway. The area is dominated by large scale <br>manufacturers and distribution companies servicing all areas of South East QLD. <br>Logan city is a growing industrial location given access to staff and all the major <br>transport infrastructure in SEQ. Crestmead has attracted significant investment from <br>major institutions such as Mapletree, Goodman Group and Ascendas REIT all who <br>have recently invested significant capital in the region. These institutions join the <br>already established owners in the region such as Charter Hall, PrimeWest Funds <br>and John Deere as key owners in the region. This significant amount of institutional <br>investment has been paired with the new (sold out) $1.5 billion dollar Crestmead <br>Logistics Estate which has seen 650,000 sqm of industrial zoned land be developed <br>to the south of the established industrial precinct. Key infrastructure projects due to <br>commence in the area such as the Park Ridge Connector, which will further improve <br>Crestmead’s connection to the Logan Motorway and Mount Lindsay Highway.
Additional Location Information File
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<b>Gross Regional Product (GRP):</b> Sydney's GRP is a measure of its economic output and is a significant contributor to Australia's overall GDP.<br><b>Employment Rate:</b> Sydney generally has a healthy employment rate, although this can vary across different sectors.<br><b>Inflation:</b> Like most major cities, Sydney experiences inflation, which can impact the cost of goods and services.
Additional Financial Information FileInitial Term:
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Security Info:
6/71 Rai Drive, Crestmead, 234m2, $250/sqm ($4237/sqm) 6/89 Priestdale Road South, Eight Mile Plains, 62m2, $290/sqm 13/40 Counihan Street, Seventeen Mile Rocks, 85m2, $282/sqm 5/186 Douglas Street, Eight Mile Plains, $238/sqm 10/89 Priestdale Road, Eight Mile Plains, 114m2, $240/sqm 21/89 Priestdale Road, Eight Mile Plains, 140m2, $240/sqm 1/30 Dulacca Street, Acacia Ridge, 383m2, $228/sqm ($4,170/sqm 5.47%) 2/30 Dulacca Street, Acacia Ridge, 313m2, $230/sqm 3/30 Dulacca Street, Acacia Ridge, 319m2 ($4310/sqm) 14/9 Lahey Close, Sherwood, 118m2, leased $330/sqm Awaiting more rental evidence from the agent
Offer To Purchase:
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Prominent, elevated corner-site facing 2 streets <br>∙Brand new build with maximum depreciation <br>∙Concrete tilt panel construction with metal roofing <br>∙Building Area 234m2 comprising; <br>∙162m2* warehouse space per unit <br>∙72m2* mezzanine storage per unit <br>∙6.6m minimum internal clearance <br>∙24/7 CCTV surveillance <br>∙Secure estate with remote control & keypad access gates <br>∙$58,500 net income <br>∙CPI annual increase <br>∙15 month net lease back from settlement <br>∙Contracts subject to Finance & Due Diligence being satisfied <br>∙Vendor funds tenant leasing fee <br>∙Tenant pays all outgoings incl rental mgt fees <br>∙Container height automatic roller doors <br>∙3 phase power throughout <br>∙Dedicated parking min 2 spaces per unit <br>∙Arterial access to Sunshine & Gold Coasts, Airport, Port of Brisbane and <br>CBD <br>∙Security: 3 month rental bond <br>∙Inspection &/or video walk-through upon request <br>
