 Asset Class: | Industrial |
 Price: | $ 1042750 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
New high-clearance industrial office warehouse with great access in a boutique complex, located in the Redland Bay industrial precinct southeast of Brisbane. The developer has completed the project and is leasing back for an extended 15-month period, paying all property outgoings plus funding the re-letting of the property to a permanent tenant that meets the buyer/lessor's satisfaction. This is a modern tilt panel warehouse complex with good exposure positioned on an elevated corner-facing site providing; drive-thru vehicle access, dual-roller doors to the warehouses plus glazed entry doors and mezzanine offices capturing plenty of natural light. Strategically located within the successful Redlands Business Park home to a range of national brands and local operators Reece, Return-IT, Stihl, CrossFit, Network Steel, CR International, MM Electrical and others servicing the commercial and residential areas of Brisbane's southeast. The units are designed to be versatile for a range of service, industrial and commercial tenant operators with heavy vehicle access from the main road and gated security at the park entrance. Major infrastructure spending is on the rise in Redland Bay as a QLD Government Priority Development Area (PDA) making it a focal point for investment in the surrounding Bayside region, with proximity to major arterial connections M1 Motorway 15 mins, Gateway Motorway, Rail, 50 mins drive to Gold Coast, 40 mins to Port Of Brisbane, Airport and the CBD.<br>
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<span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Redlands Business Park is a significant and exciting opportunity for industrial businesses seeking a foothold in Southeast Queensland’s booming locale. Strategically located on the shores of Moreton Bay just 40 minutes south of Brisbane CBD, and 15 minutes from M1 access to the Gold Coast, the master planned estate features high quality landscaping, comprehensive servicing, boom-gate and after-hours security and strong amenity for businesses and their employees.</span><br><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Redland Bay, nestled along the scenic coastline of Moreton Bay, offers a unique blend of natural beauty, suburban and commercial industry. As a sought-after location for both residents and businesses, Redland Bay boasts a range of amenities, stunning waterfront views and a thriving local economy. Redland Bay Marina is just 2km from the subject property and services the islands of Russell, Macleay, Lamb & Karragarra in Southern Moreton Bay. Situated approximately 35kms southeast of Brisbane’s CBD, and the Gold Coast, Redland Bay enjoys convenient access to major transportation routes, including the M1 Motorway and the Brisbane CBD via the Gateway Motorway. For businesses seeking to establish a presence in Redland Bay, the suburb offers strategic advantages and a supportive commercial environment. With its growing population, Redland Bay presents opportunities for retail, hospitality, professional services, and other commercial ventures to thrive and serve the local community served by the Esplanade, Redland Bay Shopping Village, Redland Bay Marina, Redland Satellite Hospital, Redland Hospital, Cleveland Train Station, M1 Motorway and Brisbane CBD.</span><br><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Redland City Council: </span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Priority Development Area (PDA): <a target="_blank" href="https://www.youtube.com/watch?v=pYMgXSbzeWs">https://www.youtube.com/watch?v=pYMgXSbzeWs</a></span><br><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Lend Lease, Shoreline: <a target="_blank" href="https://communities.lendlease.com/queensland/shoreline/overview/">https://communities.lendlease.com/queensland/shoreline/overview/</a></span>
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3/36-44 Daintree Drive, Redland Bay, 291m2, $215/sqm 5/22 Daintree Drive, Redland Bay, 344m2, $202/sqm 8/22 Daintree Drive, Redland Bay, 228m2, $215/sqm 15/22-24 Daintree Drive, 342m2, $211/sqm 10/5 Daintree Drive, Redland Bay, 155m2, $251/sqm 15/22-24 Daintree Drive, Redland Bay, 342m2, $210/sqm 4/1-3 Airlie Drive, Redland Bay, 182m2, $208/sqm 2/1-3 Airlie Street, Redland Bay, $290/sqm, $40/sqm outs 3/62 Jardine Drive, Redland Bay, $183/sqm Nett + outs (2023, bare shell) 10/5-11 Jardine Drive, Redland Bay, $251/sqm gross Capalaba Stock based 10 minutes from Redlands business park; 10/3 Industry Place, Capalaba, 97m2, $247/sqm 2/16 Tombo Street, Capalaba, 200m2, $215/sqm 5/7 India Street, Capalaba, 96m2, $250/sqm 6/178-182 Redland Bay Road, Capalaba, $220/sqm Nett + outs 16/42 Smith Street, Capalaba, 297m2, $181/sqm (built 2007) 3/71 Rai Drive, Crestmead, 234m2, $236/sqm 18/5-21 Rai Drive, Crestmead, 540m2, $215/sqm 13/40 Counihan Street, Seventeen Mile Rocks, 85m2, $282/sqm 21/89 Priestdale Road, Eight Mile Plains, 140m2, $240/sqm 2/30 Dulacca Street, Acacia Ridge, 313m2, $230/sqm 12/28 Loam Street, Acacia Ridge, 385m2, $245/sqm
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<span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Brand new build with maximum depreciation</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Concrete tilt panel construction with metal roofing</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Building Area 291m2 comprising;</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 214m2 warehouse</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 77m2 mezzanine</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• High bay clearance</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Glazed access doors</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• $62,565 net income</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• CPI annual increase</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 15-month net lease back from settlement</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Vendor funds tenant leasing fee</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Tenant pays all outgoings incl rental mgt fees</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Contracts subject to Finance & Due Diligence being satisfied</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Container height automatic roller doors</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Air-conditioned office with drop ceilings & polished flooring</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• LED lighting with efficiency controls.</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 3 phase power throughout</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Staff kitchenette and amenities</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Undercover parking bay and shared parking</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Security 24/7 gated industrial community.</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• B-double truck access to estate</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Zoned Medium Impact</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 4 minutes from the water of Moreton Bay.</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Arterial access to Airport, Port of Brisbane and CBD</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Security: 3-month rental bond</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Inspection &/or video walk-through upon request</span>
