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The property is a distribution centre, located in an established industrial area, approximately 19 kilometres south-west of the Brisbane CBD. There is easy access to the property, with major arterial roadways, including Centenary Motorway and Ipswich Motorway located less than a kilometre away. The distribution centre comprises a large warehouse, two levels of office, covered awnings, twenty-one loading docks and two street frontages.

Property information

This property information is current at 30 June 2020. We are not aware of any change to these details at the time of publishing.

Property details

  • Lettable Area (sqm)
    53,000
  • Major tenant
    Myer
  • No. of Tenants
    4
  • Occupancy Rate by income (%)
    63.1
  • Weighted Average Lease Expiry by income (years)
    4.5
  • Current Valuation ($m)
    61.50
  • Valuation date
    May-20
  • Capitalisation Rate %
    7.25
  • Book Value ($m)
    61.63

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