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.

Property Details

Year of Construction
Refurbished 2017
Acquisition Date
2019
Independent Valuation
$49,300,000 (October 2021)
Capitalisation Rate
4.75%
Discount Rate
6.00%
NABERS Rating
N/A
NLA
16,979m²
Car Spaces
N/A

Tenant Profile

Two
Number of Tenants
100%
Occupancy
3.6 years

WALE

Leasing Opportunities

This property is fully leased.

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