// INDUSTRIAL PRECINCT - BRISBANE, QLD
INDUSTRIAL BRISBANE
77 Logistics Pl, Larapinta QLD, 62 Sandstone Pl, Parkinson QLD & 92 Sandstone Pl, Parkinson QLD
About
Three (3) in-fill industrial assets in strategic, well connected locations in Brisbane’s tightly held Gateway South industrial precinct.
Located approximately 20km from the Brisbane CBD in a well established industrial precinct with exceptional transportation and infrastructure connectivity – Logan Motorway (M2) and Gateway Motorway (M1).
77 Logistics Place is leased to third party logistics (3PL) operator, providing 25,480sqm in site area with 13,886sqm of lettable area and 146 at-grade car spaces.
62 Sandstone Place is leased to a multinational company, providing 21,930sqm in site area with 9,260sqm of lettable area and 275 at-grade car spaces.
92 Sandstone Place is a quality industrial building completed in 2010 providing 24,880sqm in site area with 13,738sqm of lettable area and 50 atgrade car spaces.
Strategy
The objective is to increase rental income as current rents are below market, delivering a resilient and attractive cash on cash distribution profile and compelling risk adjusted returns.
Strong industrial market fundaments and continued rent growth are supported by Australia’s relatively strong economy and population growth, while supply is constrained given limited land availability, planning challenges and construction costs.
Key Features
- Purchase prices underpinned largely by land values, whilst offering holding income with positive reversion.
- Vacancy rates in all markets remain close to historic lows, and coupled with a lack of uncommitted supply, there continues to be upward pressure on rents.
- Macroeconomic drivers for the industrial market given population growth (500,100 for FY23), record infrastructure spend (Federal Government fiscal surplus and lower peak net debt forecasts), goods inflation cooling and high employment growth.
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