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Description
Modern freestanding sprinklered tilt slab clear span warehouse with associated offices/showroom (9.49%). The property has a total GLA of 8,852 sqm (as surveyed) on a site of 16,610 sqm, with a site coverage ratio of 53%.
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 to the south-west corner of the intersection of Metroplex Avenue and 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 Toll Transport, Queensland Newspapers and LG.
Key Information
- Ownership VPT
- Acquisition 17/07/2007
- Purchase Price ($,000) 16,530
- Book Value ($,000) 16,600 (at 31/12/07)
- Independant Valuation Date 2/7/2007
- Independant Valuation ($,000) 16,530
- Independant Valuer Savills
- Valuation Cap Rate 6.75%
-
Net Lettable Area
Other: 8,852sqm
- Car Spaces 62
- Occupancy as at 31/12/2007 100%
- No. Of Tenants 1
- WALE as at 31/12/2007 6.6%
- Rent Review Structure Fixed & Market
- Age of Building 1999
Contact Details
- Tom Phipps
- 0439 034 027