 Asset Class: | Industrial |
 Price: | $ 1496000 |
 Net Yield: | 5.75 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Available is a brand-new industrial unit with great access in the new Belvedere Business Park, near <br>the M1 in Park Ridge between Brisbane and the Gold Coast. The project is scheduled for Practical <br>Completion in December and Unit 5 lease commences on Jan 30th to a fully established commercial <br>building company that has been operating across Brisbane for over 20 years completing projects of <br>all sizes. TPM Builders P/L chose this location to expand their operations into Brisbane’s southern <br>suburbs on a 3-year net lease term to Jan 2028 plus option to 2031 and covering all outgoings. The <br>unit comes with 6.5m high internal clearance to the warehouse, mezzanine office flooring with airconditioning, staff kitchenette, internal bathroom, and 3-phase power in a secure drive-through <br>complex. The property is versatile for a range of service, industrial, and commercial tenants, and is <br>surrounded by national, local, and international occupiers including Google, Metcash, Visy, Linfox, <br>Culture Kings, and Pet Circle. Positioned with 3 street frontages—Mercantile Drive, Clarke Road, <br>and Belvedere Drive—Belvedere Business Park is located in one of Brisbane’s largest growth <br>corridors, with immediate access to major arterial road networks, just 6km from the Berrinba <br>Interchange on the Logan Motorway and 32km south of Brisbane’s CBD."
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Located approximately 30 kilometers 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.<br><b>Economic Strength and Demographics</b><br>Park Ridge is rapidly evolving, with significant investment in infrastructure and residential projects fueling its economic growth. The suburb's economy is supported by a blend of small businesses, retail hubs, and nearby employment opportunities 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.<br><b>Tourist Attractions and Transportation</b><br>While primarily a residential area, Park Ridge offers natural attractions such as the nearby Berrinba Wetlands and Daisy Hill Conservation Park, which are perfect for hiking, picnics, and wildlife spotting. The suburb also provides convenient access to Logan Hyperdome and other local shopping and entertainment precincts. Public transportation options, including buses and proximity to the Loganlea train station, ensure easy commutes to Brisbane’s CBD and other regional hubs. These attributes, combined with its family-friendly charm, make Park Ridge a rising star in South East Queensland’s property landscape
Additional Location Information File<b>TPM BUILDERS -COMMERCIAL CONTSTRUCTION</b><br><br><span style="color:rgb(76, 76, 76);">TPM Builders is a privately-owned commercial construction company, operating predominately in South East Queensland.</span><br><span style="color:rgb(76, 76, 76);">We proactively support local traders and suppliers which share TPM’s mission to provide quality construction solutions</span>
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Unit 5/3-7 Belvedere Drive, Park Ridge QLD -313m2, $275/sqm, $86,075, 3+3 11/24’ 4,782/sqm) Unit 4/3-7 Belvedere Drive, Park Ridge QLD 313m2, $275/sqm, $86,075, 3+3 11/24’ $4,782/sqm) under contract Unit 1/3-7 Belvedere Drive, Park Ridge QLD, 316m2, $260/sqm, $82,160, 3+3 11/24’ (Google, negotiated $260/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’ 3/30 Dulacca Street, Acacia Ridge, 319m2 ($4,310/sqm), 2023
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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);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Exposure complex with 3 street frontages</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Located in SEQ residential growth corridor </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Concrete tilt panel construction with metal roofing</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Building Area 313m2 with mezzanine</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 3 + 3-year net lease </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Net Income:</span><span style="color:rgb(51, 51, 51);font-style:normal;"><b> $86,075</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> CPI or 3% fixed annual increase (the greater of)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Tenant pays all outgoings </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> High bay internal clearance</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> High clearance automatic roller door</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Container set-down for loading unloading</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 63-Amp, 3 phase power </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Dedicated parking 4 spaces per unit </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Air-conditioning and carpet to mezzanine</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Zoned, Mixed Use</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Secure 24/7 access</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Contracts subject to Finance & Due Diligence being satisfied</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style: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);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Security: 3-month rental bond</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Inspection &/or video walk-through upon request</span></p></li></ul>
