70-82 Main Beach Road, Pinkenba, QLD
The freehold property is located within the Pinkenba industrial precinct, adjoining the Brisbane Airport on the northern side of the Brisbane River. The site has immediate access to the major arterial road network including the Bruce Highway and only minutes from the Gateway Bridge.
When construction is completed in early 2018, the property will operate as as a resource recovery facility for soil, rock, gravel and construction materials.
A subsidiary of the Byrne Group, a market leader in Queensland's recycling industry and operator of a similar facility in Pinkenba, has pre-committed to a 15 year lease to start upon practical completion of construction.
The four hectare site will have low site coverage and improvements, consisting of predominantly hardstand, a 2,000m² facility and various site offices.
Property Details
| Year of Construction | 2018 |
| Acquisition Date | 2017 |
| Capitalisation Rate | 7.37% |
| Valuation | $19,000,000 |
| Valuation Date | May 2017 |
| Valuation Type | Independent |
| Ownership Interest | 100% |
| NABERS Rating | N/A |
| NLA | 40,464m² (Land) |
| Car Spaces | N/A |
Tenant Profile
| Number of Tenants | One |
| Occupancy | 100% |
| WALE | 15 years at completion in early 2018. |
Leasing Opportunities
This property is fully leased.
Contact GARDA on 07 3002 5300 or This email address is being protected from spambots. You need JavaScript enabled to view it. for property inquiries.
