 Asset Class: | Industrial |
 Price: | $ 1496900 |
 Net Yield: | 5.75 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
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 has reached Practical Completion and Unit 4 is leased for 3+3 years to Urban Set Commercial - a specialist construction company delivering commercial fit-outs and new builds across South East Queensland with over twenty years’ experience, and over 200 completed projects including multi-level office towers, shopping centres, hospitals, schools and residential apartments. The tenant has signed an offer to lease for 3+3 years paying all outgoings. The warehouse features mezzanine office flooring, high-bay clearance, kitchenette, internal bathroom, 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. <br>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?
<p style=" padding-left:0px;background-color:rgb(255, 255, 255);display:block;"><span style="color:rgb(49, 57, 73);font-style:normal;font-weight:normal;">Located in Belvedere Business Park with 3 street frontages, the property is situated in a major growth corridor 32km south of Brisbane CBD. Surrounding tenants include Google, Metcash, Visy, Linfox, Culture Kings and Pet Circle. The location offers good arterial access to Sunshine & Gold Coasts, airport, Port of Brisbane and CBD.</span></p>
Additional Location Information FileInitial Term:
Security:
3 month bank guarantee
Security Info:
3 month bank guarantee
Initial Term:
Security:
3 month bank guarantee
Security Info:
3 month bank guarantee
* Unit 4/3-11 Belvedere Drive, Park Ridge QLD, 313m2, $275/sqm, $86,075 ($4,782/sqm) * Unit 5/3-11 Belvedere Drive, Park Ridge QLD, 313m2, $275/sqm, $86,075, 3+3 leased, Nov 24’ ($4,782/sqm) * Unit 1/3-11 Belvedere Drive, Park Ridge QLD, 316m2, $260/sqm, $82,160, 3+3 11/24’ (Google, negotiated $260/sqm) * Unit 11/3-11 Belvedere Drive, Park Ridge QLD, 322m2, $4,300/sqm 2/25’ * Unit 17/3-11 Belvedere Drive, Park Ridge QLD, 322m2, $4,300/sqm 2/25’ * Unit 18/3-11 Belvedere Drive, Park Ridge QLD, 322m2, $4,300/sqm 2/25’ * Unit 5/28-32 Loam Street, Acacia Ridge, 149m2, $292/sqm, 3+3, May 24’ * Unit 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
Offer To Purchase:
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Initial Deposit:
$
Due Diligence:
days
Finance:
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Settlement:
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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);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Exposure complex with 3 street frontages</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Located in SEQ residential growth corridor</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Concrete tilt panel construction with metal roofing</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Building Area 313m2 with mezzanine</span></p></li><li style="list-style-image:none;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">3+3 year net lease</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">$86,075 net rental</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">3% fixed annual increase</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Tenant pays all outgoings</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">High bay internal clearance</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">High clearance automatic roller door</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Container set-down for loading unloading</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">63-Amp, 3 phase power</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">3 allocated parking spaces as per site plan</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Air-conditioning and carpet to mezzanine</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Zoned, Mixed Use</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Secure 24/7 access</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Contracts subject to Finance & Due Diligence being satisfied</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight: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);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Security: 3-month bank guarantee</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="padding-left:0px;list-style-position:inherit;list-style-type:inherit;background-color:initial;display:inline;"><span style="color:rgb(49, 57, 73);font-style:normal;background-color:rgb(255, 255, 255);padding-left:0px;font-weight:normal;">Inspection &/or video walk-through upon request</span></p></li></ul>
