Significant 9.1ha* Value Add Opportunity – Northern Brisbane
JLL Capital Markets Industrial & Logistics team is pleased to offer for sale an exceptional value-add investment opportunity of scale within one of Brisbane’s most tightly held and land constrained industrial markets. The asset is located at 22 Ellison Road & 280-288 Bilsen Road, Geebung an established inner northern industrial precinct approximately 10 kilometres from CBD.
The property is underpinned by holding income totalling $3,671,398 net pa from Pickles Auctions and Acrow Scaffolding with a WALE of 2.1 years as at 1 August 2021. The property is one on the largest land holdings within Geebung industrial precinct and provides an incoming purchaser multiple value-add opportunities, whist also maintaining holding income until 2030.
Key Investment Highlights include:
- Irreplaceable 9.1*ha corner site within a highly constrained land market
- Inner northern Brisbane location approx. 10km from the Brisbane CBD
- Functional improvements totaling 21,836sqm*
- Holding incoming of $3,671,398* net per annum via two national tenants
- Ability to further subdivide to cater for multiple tenants
- Opportunity to value-add via higher density business park / industrial development (STCA)
- Staggered lease expiry providing sustainable holding income
- Land rich site with strong underlying land value
(STCA) Subject to council approval
The property is being offered for sale via Expressions of Interest closing Wednesday 7th July 2021 at 4pm (AEDT).
For further information please contact the below exclusive marketing agents.