 Asset Class: | Industrial |
 Price: | $ 800000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
<span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">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. April 2025 to Nov 2026) 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?
<span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Kensington, located in Bundaberg, Queensland, is a thriving and strategically positioned suburb south of the Bundaberg CBD. Known for its strong commercial and industrial presence, Kensington has emerged as a key precinct for business growth and infrastructure development, particularly around the Bundaberg Airport area. The suburb is home to a mix of industrial warehouses, logistics hubs, and service centers, catering to a wide range of industries. Its proximity to Bundaberg Airport makes it a vital location for businesses reliant on aviation services and connectivity. Kensington also boasts excellent accessibility, with major roads like the Isis Highway and Ring Road linking it seamlessly to the greater Bundaberg region and beyond. It is close to a variety of key amenities, including Bunnings, Harvey Norman, Aldi, and the newly approved $1.2 billion Bundaberg Hospital project, underscoring the suburb's importance as a mixed-use precinct</span>
Additional Location Information FileInitial Term:
Security:
3 month bond
Security Info:
3 month bond
Initial Term:
Security:
3 month bond
Security Info:
3 month bond
Unit 4, 15 Aviation Crescent, Kensington, 244m2, $230/sqm ($3285/sqm) Unit 5, 15 Aviation Crescent, Kensington, 277m2, $231/sqm 3+3 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
<span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Brand new build with maximum depreciation</span><br><span style="color:rgb(49, 57, 73);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(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Strategic location adjoining Bundaberg Airport</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Corner site with two driveway access</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Excellent access to Childers Road then Bruce Highway</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Close to Bunnings, Coles, Sugarland Shopping Centre and LFR</span><br><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Buying <$3300/sqm industrial strata <250m2</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 2175m2 total site area</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 244m2 NLA comprising</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 213m2 warehouse</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);"> • 31m2 office mezzanine</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• $56,000 net rental</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 3% annual increase</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 20 months net lease back from settlement </span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Vendor funds tenant leasing fee</span><br><span style="color:rgb(49, 57, 73);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(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Container height roller door</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 3 phase power throughout</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• NBN connectivity</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• 22 car spaces, min 2 spaces per unit</span><br><span style="color:rgb(49, 57, 73);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(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Zoned: Medium Impact (Business, Food, Office, Showroom, Warehouse)</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Kitchenette and Amenities</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Security: 3-month rental bond</span><br><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Inspection &/or video walk-through upon request</span>
