326 & 340 Thynne Rd | Morningside, QLD

326 & 340 Thynne Rd Morningside, QLD

326 & 340 Thynne Rd Morningside, QLD

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 exisiting warehouse, providing development upside to both capital value and net property income.

Property Details
YEAR OF CONSTRUCTION
Refurbished 2017
ACQUISITION DATE
2019
CAPITALISATION RATE
5.75%
VALUATION
$41,000,000
VALUATION DATE
September 2019
VALUATION TYPE
Independent
NLA
16,979 m²
Tenant Profile
NUMBER OF TENANTS
Two
OCCUPANCY
100%
WALE
3.4 years
This property is fully leased.

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