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 | Refurbished 2017 |
|---|---|
Acquisition Date | 2019 |
Independent Valuation | $66,260,000 (June 2026) |
Capitalisation Rate | 6.00% |
Discount Rate | 7.25% |
NABERS Rating | N/A |
NLA | 16,979m² |
Car Spaces | N/A |
WALE
| Level | Total (sqm) | Fitout | Availability | Comments |
|---|---|---|---|---|
| 4,413m² | January 2027 | Expansion of an existing 11,475m² facility is currently underway and expected to be completed by December 2026 | ||
| 6,099m² | January 2027 | Expansion of an existing 11,475m² facility is currently underway and expected to be completed by December 2026 | ||
| 7,189m² | January 2027 | Expansion of an existing 11,475m² facility is currently underway and expected to be completed by December 2026 |
Contact GARDA on 07 3002 5300 or leasing@gardaproperty.com.au for more information.
