 Asset Class: | Industrial |
 Price: | $ 1260000 |
 Net Yield: | 5.63 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Available is a brand-new industrial unit with a prime street-front position in a new Park Ridge complex, near the M1 between Brisbane and the Gold Coast. The project is scheduled for Practical Completion in December and Unit 21 will be leased to an international performance auto company expanding their sales operations into Australia. Mambatek, established in 2014, specializes in R&D and manufacturing of performance vehicle turbos, exporting to over 70 countries and winning consecutive eBay and Trade Awards since 2016. Mamba have signed a 3-year net lease with a lease option to 2030, covering all outgoings, including rental management fees and land tax. The tenant has secured a competitive rental rate of $220/sqm, which offers the buyer an attractive entry point and with a $4,000/sqm building rate, versus higher rental rates and building rates on a perceived higher yield. Industrial units under 500sqm in Brisbane have become increasingly scarce under $4,000/sqm largely due to rising building costs - thus presenting a solid opportunity at lower risk whilst also providing an attractive net starting yield. 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.<br><br> The property is versatile for a range of service, industrial, and commercial tenants, and is surrounded by national, local, and international occupiers including Metcash, Visy, Linfox, Culture Kings, and Pet Circle. Positioned with 3 street frontages—Mercantile Drive, Clarke Road, and Belvedere Drive—Belvedere Business Park is located 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
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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 fuelling 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• <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.mambatek.com/en"><u>https://www.mambatek.com/en</u></a><br>• <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://linktr.ee/mambaturbo_mall"><u>https://linktr.ee/mambaturbo_mall</u></a><br>• <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.mambatek.jp/ja"><u>https://www.mambatek.jp/ja</u></a><br>• <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.facebook.com/MAMBATEK?ref=ts&fref=ts"><u>https://www.facebook.com/MAMBATEK?ref=ts&fref=ts</u></a><br>• Corporate: <a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.youtube.com/@MAMBATEKturbo"><u>https://www.youtube.com/@MAMBATEKturbo</u></a><span></span>
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Unit 21/3-7 Belvedere Drive, Park Ridge QLD, 315m2, $225/sqm, $71,000, 3+3, ($4,000/sqm) Unit 4/3-7 Belvedere Drive, Park Ridge QLD, 313m2, $275/sqm, $86,075, 3+3 Oct 24’ Unit 5/3-7 Belvedere Drive, Park Ridge QLD, 313m2, $275/sqm, $86,075, 3+3 Nov 24’ ($4,782/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’ 2/30 Dulacca Street, Acacia Ridge, 313m2, $230/sqm, Mar 23’ 3/30 12/28-32 Loam Street, Acacia Ridge, 385m2, $245/sqm, 3+3, May 24’
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• Exposure complex with 3 street frontages<br>• Located in SEQ residential growth corridor<br>• Prime, front facing unit at entry to complex<br>• Concrete tilt panel construction with metal roofing<br>• Building Area 315m2 with mezzanine<br>• 3 + 3 year net lease<br>• $71,000 net income<br>• CPI or 3% fixed annual increase (the greater of)<br>• Tenant pays all outgoings incl rental mgt fees<br>• High bay internal clearance<br>• High clearance automatic roller door<br>• Container set-down for loading unloading<br>• 3 phase power<br>• Dedicated parking 4 spaces per unit<br>• Ducted air-conditioning to mezzanine<br>• Zoned, Mixed Use<br>• Secure 24/7 access<br>• Contracts subject to Finance & Due Diligence being satisfied<br>• Arterial access to Sunshine & Gold Coasts, Airport, Port of Brisbane and CBD<br>• Security: 3-month rental bond<br>• Inspection &/or video walk-through upon request
