Industrial
326 & 340 Thynne Rd, Morningside

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.

Property Details

Year of Construction
Refurbished 2017
Acquisition Date
2019
Independent Valuation
$54,500,000 (May 2023)
Capitalisation Rate
5.25%
Discount Rate
6.75%
NABERS Rating
N/A
NLA
16,979m²
Car Spaces
N/A

Tenant Profile

Two
Number of Tenants
100%
Occupancy
3.2 years

WALE

Leasing Opportunities

This property is fully leased.

Contact GARDA on 07 3002 5300 or leasing@gardaproperty.com.au for more information.