 Asset Class: | Industrial |
 Price: | $ 955000 |
 Net Yield: | 6.70 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
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 on a fresh 3 year net lease to Jan 2028 + option to 2031. 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 maximize 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 tomajor retailers; Bunnings, Harvey Norman, Sydney Tools, BCF, Rebel, Coles,<br>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<br>4-hour drive to Brisbane.<br>
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<span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;padding-left:0px;margin-inline-start:0px;">Kensington, located in Bundaberg, Queensland, is a thriving and strategically positioned suburb south of the Bundaberg CBD.</span><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;"> 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.</span><br><p style="padding-left:0px;"><span style="color:rgb(0, 0, 0);font-style:inherit;font-weight:normal;">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></p>
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Unit 5, 15 Aviation Crescent, Kensington, 277m2, $231/sqm 3+3 ($3,445/sqm) 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
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• 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><span style="color:rgb(51, 51, 51);">• 3 year lease to <a target="_blank" href="http://www.apstraining.com.au">www.apstraining.com.au</a></span><br>• 2175m2 total site area<br>• 277m2 incl office mezzanine<br>• $63,987 net rental<br>• 4% annual increase<br>• Tenant pays all outgoings <br>• Container height roller door<br><span style="color:rgb(51, 51, 51);">• AC installed</span><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><span style="color:rgb(51, 51, 51);">• Excellent access to Childers Road then Bruce Highway</span><br><span style="color:rgb(51, 51, 51);">• Close to Bunnings, Coles, Sugarland Shopping Centre and LFR</span><br>• Kitchenette and Amenities<br>• Security: 3-month rental bond<br>• Inspection &/or video walk-through upon request
