The asset comprises two A-grade warehousing and distribution facilities on a 4 hectare site, located 4.5 kilometres east of the Brisbane CBD. Both industrial facilities were refurbished in 2017. The site has a large unused parcel of land that has development approval for a 5,872m² extension to the existing warehouse, providing development upside to both capital value and net property income.
Morningside is located 4.5 kilometres east of the Brisbane CBD. The industrial precinct is tightly held given the desirable location, close to the CBD and access to the Gateway Motorway.
Year of Construction
$54,500,000 (May 2023)