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Location
The property is located at Brisbane Airport within the Export Park Estate, approximately eight kilometres from the Brisbane CBD. It is well situated with good access to both the Brisbane CBD and south-east Queensland's arterial road network via the M1 Gateway Motorway.
Description
Constructed in 2004, this property comprises a modern warehouse and two levels of corporate offices. In addition to staff amenities and a dangerous-good store, the property includes ample car parking and drive around access for B-Double trucks. An adjacent concrete surfaced yard was purpose built for car storage including hail netting.
Asset summary
as at 31 December 2023
Title
Leasehold
Site area
35,166 sqm
Lettable area
14,726 sqm
Occupancy
100 %
WALE (by income)
9.1 years
Major tenant
Eagers Automotive
Valuation summary
Book value
$ 13.5 m
Cap rate
6.09 %
Discount rate
7.25 %
Location
The property is located at Brisbane Airport within the Export Park Estate, approximately eight kilometres from the Brisbane CBD. It is well situated with good access to both the Brisbane CBD and south-east Queensland's arterial road network via the M1 Gateway Motorway.
Description
Constructed in 2004, this property comprises a modern warehouse and two levels of corporate offices. In addition to staff amenities and a dangerous-good store, the property includes ample car parking and drive around access for B-Double trucks. An adjacent concrete surfaced yard was purpose built for car storage including hail netting.