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Description
Modern freestanding tilt slab and part metal clad warehouse with overhead gantry cranes and associated office (6.58%). The property has a total GLA of 6,076 sqm on a site of 15,670 sqm, with a site coverage ratio of 39% providing future expansion potential not included in forecasts. (Surveyed area GLA equates to 6,082 sqm).
Location
The property is located at Murarrie, an established industrial suburb of Brisbane, located approximately 10 kilometres by road south-east of the Brisbane CBD. The property is situated on the western side of Metroplex Avenue and 50 metres south of its intersection with Terrace Place, within the “Metroplex on Gateway” industrial Estate.
Surrounding Development within the estate comprises a mix of warehousing/distribution centres and hi-tech industrial premises. The property is well located providing easy access to the Gateway Arterial, Brisbane City, the Gold Coast and Sunshine Coast.
Surrounding tenants include Fisher and Pykel, Queensland Newspapers and LG.
Key Information
- Ownership VPT
- Acquisition 17/07/2007
- Purchase Price ($,000) 10,470
- Book Value ($,000) 10,500 (at 31/12/07)
- Independant Valuation Date 2/7/2007
- Independant Valuation ($,000) 10,470
- Independant Valuer Savills
- Valuation Cap Rate 6.75%
-
Net Lettable Area
Other: 6,076 sqm
- Occupancy as at 31/12/2007 100%
- No. Of Tenants 1
- WALE as at 31/12/2007 9.3 years
- Rent Review Structure FIxed
- Age of Building 1999
Contact Details
- Tom Phipps
- 0439 034 027