![]() Asset Class: | Industrial |
![]() Price: | $ 813335 |
![]() Net Yield: | 6.90 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: |
<span style="color:rgb(51, 51, 51);">On offer is a brand-new, high-bay industrial street-facing warehouse situated in a boutique complex of five (5) units within the Bundaberg Airport industrial precinct in Kensington, just south of the Bundaberg CBD. With the complex having reached Practical Completion in December and Occupation Certificate due in February, the vendor will sign a 20-month leaseback from settlement (eg. June 2025 to Feb 2027) covering all outgoings and funding the re-leasing process to secure a new tenant during the term. The unit is designed for flexible use, catering to service, industrial, and commercial tenants, with dual site access to the hardstand and car spaces, as well as full street frontage to maximise visibility. The property is strategically located near Bundaberg Airport, the Royal Flying Doctor Service, Pilot-Flight Simulation Centre, RACQ Life Flight, and Liberty Service Station and close to major retailers; Bunnings, Harvey Norman, Sydney Tools, BCF, Rebel, Coles, Anaconda, and Forty Winks, newly established Aldi, the $1.2 billion Bundaberg Hospital development, and Airport Hotel – all supporting Bundaberg's forecasted population growth of 45% by 2041 as a SEQ growth region with a 50-minute flight or 4-hour drive to Brisbane.</span>
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?
Initial Term:
Security:
3 month bond
Security Info:
3 month bond
Initial Term:
Security:
3 month bond
Security Info:
3 month bond
Unit 2, 15 Aviation Crescent, Kensington, 244m2, $230/sqm ($3,278/sqm) Unit 5, 15 Aviation Crescent, Kensington, 277m2, $231/sqm, 3+3 lease. Unit 1, 15 Aviation Crescent, Kensington, 244m2, $850,000 ($3,484/sqm), sold to owner occ. 83 Johanna Blvd, Kensington, 3 units, 263-265m2, $220/sqm, due for completion, April 2025. T2, 39 Johanna Boulevard, Kensington, $268/sqm (Anaconda), new build. 2 Phoebe Crescent, Kensington, 495m2, $220/sqm, 1990s build, sold $3,010/sqm, July 2022 5/52 Enterprise St, Svensson Heights, 210m2, $195/sqm, 1994 build, sold $2,714/sqm, Apr 2023
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
• Brand new build with maximum depreciation<br>• Concrete tilt panel construction with metal roofing<br>• Strategic location adjoining Bundaberg Airport<br>• Corner site with two driveway access<br>• Excellent access to Childers Road then Bruce Highway<br>• Close to Bunnings, Coles, Sugarland Shopping Centre and LFR<br><span style="color:rgb(51, 51, 51);">• Buying <$3400/sqm industrial strata <250m2</span><br>• 2175m2 total site area<br>• 244m2 NLA comprising<br>• 213m2 warehouse<br> • 31m2 office mezzanine<br>• $56,120 net rental <br>• 3% annual increase<br>• 20 months net lease back from settlement <br>• Vendor funds tenant leasing fee during the term<br>• Tenant pays all outgoings incl rental mgt fees<br>• Container height roller door<br>• 3 phase power throughout<br>• NBN connectivity<br>• 22 car spaces, min 2 spaces per unit<br>• Contracts subject to Finance & Due Diligence being satisfied<br>• Zoned: Medium Impact (Business, Food, Office, Showroom, Warehouse)<br>• Kitchenette and Amenities<br>• Security: 3-month rental bond<br>• Inspection &/or video walk-through upon request