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GLA 20,407sqm on Land 40,400sqm
A modern industrial estate strategically located close to Ipswich motorway, Archerfield Airport and 12 km from Brisbane’s CBD.
The property had been on the market for some time and was overlooked due to the pending expiries with the existing tenants. We saw the entrapped value in the asset which we believe will give us a competitive advantage to keep the asset let, which has been realised with re–signing the existing tenants.
This has now enabled us to guarantee a stable income for the trust and our investors, while also getting to understand our tenants and their future accommodation needs.
QE has re-signed two existing tenants, Dynamic Supplies and Small Transport, as well as securing Trumps as a new tenant – 85% occupancy.
As part of the regeneration of the property capital expenditure upgrades will be undertaken in the first twelve months of ownership that includes installing sprinklers to the entire warehouses facilities along with aesthetic upgrades to improve the overall appearance.