The property is located within the Brendale Business Park Estate approximately 18 radial kilometres from the Brisbane CBD.
The property has three street frontages which enabled the tenant Wesbeam Pty Ltd to easily move large bundles of timber around on site.
The site area consists of 15,067m² with some 6,084m² under roof including an administration area of about 350m².
The tenant Wesbeam Pty Ltd are a well known Western Australian Timber entity having taken possession of the premises following the expiration of the previous lease to Hynes Timbers.
Noteworthy neighbouring properties in the Brendale precinct include the Super Retail Group, Aldi, ARB, Jetmaster and B.J. Ball.
Access to the area is provided by link roads to the Gateway Motorway and the Bruce Highway with Rail access within approximately 1 kilometre.
| Sales Analysis* | |
| Vendor | Vynian Pty Ltd |
| Marketing Budget | $17,840.90 |
| Sale Method | Expressions of Interest |
| Marketing Period | 6 weeks |
| Sale Price | $8,500,000 |
| Sale Date | December 2015 |
| Total EOI’s | 5 |
| Car Parks | 64 |
| N.L.A | 6,084m²* |
| Site Area | 15,067m² |
| Purchaser | Private Investor |
| Tenant | Wesbeam Pty Ltd |
| Lease Term | 5 x 5 commencing 1/08/2015 |
| Net Income | $703,305 + GST |
| Site Coverage | 40% |
| Capitalization Rate | 8.27% |
Approx *
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