Industrial, Projects
56 - 72 Bandara St, Richlands

Bandara Street is currently undergoing significant development with 40,000m² of industrial buildings currently under construction directly across from 56-72 Bandara St, which are largely committed to tenants. Bandara Street is not an arterial road and therefore provides a price competitive site with excellent access to various road networks. The site is flat and development ready with negligible preparation costs anticipated with DA approval expected by September 2022. The asset has been fully leased to Ausdeck for 10 years, with lease commencement to occur on completion.

Richlands is an established industrial suburb, 21 kilometres by road south-west of the Brisbane CBD. Richlands neighbours Wacol with the same quality access to the Ipswich Motorway and Centenary Highway, via Progress Road. The site on Bandara Street backs onto the Metroplex Westgate industrial precinct.

Property Details

Year of Construction
To be developed
Acquisition Date
2021
Independent Valuation
$13,660,000 (May 2022)
Capitalisation Rate
Development site
Discount Rate
N/A
NABERS Rating
N/A
NLA
30,351m2, proposed built form approx 13,000m2
Car Spaces
N/A

Tenant Profile

0
Number of Tenants
0
Occupancy
0

WALE

Leasing Opportunities

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