 Asset Class: | Industrial |
 Price: | $ 1345900 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Available is a brand-new industrial unit with great access in the new Belvedere Business Park, near the M1 in Park Ridge between Brisbane and the Gold Coast. The project is scheduled for Practical Completion in December and Unit 17 lease is expected to commence upon February settlement with the owner leasing back for an extended 15-month term from settlement (eg. to May 2026) paying all outgoings including rental management fees, plus funding the cost of reletting to a permanent tenant during the term. The warehouse features mezzanine office flooring, high-bay clearance, kitchenette, internal bathroom, polished warehouse flooring, and 3-phase power in a secure drive-through complex with great access and exposure. The property is versatile for a range of service, industrial, and commercial tenants, and is surrounded by national, local, and international occupiers including Google, Metcash, Visy, Linfox, Culture Kings, and Pet Circle. Positioned with 3 street frontages—Mercantile Drive, Clarke Road, and Belvedere Drive—Belvedere Business Park is in one of Brisbane’s largest growth corridors, with immediate access to major arterial road networks, just 6km from the Berrinba Interchange on the Logan Motorway and 32km south of Brisbane’s CBD.
How old is the asset?
Vendor's reason for selling?
Days property been on market?
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?
Located approximately 26 kilometres south of Brisbane's Central Business District (CBD), Park Ridge is a vibrant suburb in Logan City that blends a tranquil, semi-rural lifestyle with growing urban development. It is strategically positioned near key highways, including the Mount Lindesay Highway and Logan Motorway, providing seamless access to both Brisbane and the Gold Coast. The area is characterized by lush green landscapes and a mix of acreage properties, residential developments, and commercial spaces, making it appealing for families, investors, and professionals seeking an escape from city congestion without compromising connectivity. Economic Strength and Demographics Park Ridge is rapidly evolving, with significant investment in infrastructure and residential projects fueling its economic growth. The suburb's economy is supported by a blend of small businesses, retail hubs, and nearby employment in the broader Logan region. With a growing population, Park Ridge is home to a diverse demographic that includes young families, professionals, and retirees. As new housing estates emerge, the community continues to attract residents seeking affordability and modern amenities within a peaceful suburban setting.
Additional Location Information File<span style="color:rgb(51, 51, 51);">Nil</span>
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Unit 17/3-11 Belvedere Drive, Park Ridge QLD, 313m2, $258/sqm, $80,754 ($4,300/sqm)' Unit 5/3-11 Belvedere Drive, Park Ridge QLD, 313m2, $275/sqm, $86,075, 3+3 11/24’ ($4,782/sqm) Unit 4/3-11 Belvedere Drive, Park Ridge QLD, 313m2, $275/sqm, $86,075, 3+3 11/24’ ($4,782/sqm) under contract Unit 1/3-11 Belvedere Drive, Park Ridge QLD, 316m2, $260/sqm, $82,160, 3+3 11/24’ (Google, negotiated $260/sqm) 5/28-32 Loam Street, Acacia Ridge, 149m2, $292/sqm, 3+3, May 24’ 12/28-32 Loam Street, Acacia Ridge, 385m2, $245/sqm, 3+3, May 24’ 3/30 Dulacca Street, Acacia Ridge, 319m2 ($4,310/sqm), 2023.
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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;">Exposure complex with 3 street frontages</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 in SEQ residential growth corridor</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 construction with metal roofing</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;">Building Area 313m2 with mezzanine</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;">15-month lease term and vendor funds relet fee</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;">$80,754 lease back rental</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;">3% fixed annual increase</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;">Tenant pays all outgoings</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 bay internal clearance</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 automatic roller door</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;">Container set-down for loading unloading</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;">63-Amp, 3 phase power</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;">3 allocated parking spaces as per site plan</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;">Air-conditioning and carpet to mezzanine</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;">Zoned, Mixed Use</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;">Secure 24/7 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;">Contracts subject to Finance & Due Diligence being satisfied</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;">Arterial access to Sunshine & Gold Coasts, Airport, Port of Brisbane and 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;">Security: 3-month rental bond</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;">Inspection &/or video walk-through upon request</span></p></li></ul>
