70-82 Main Beach Road | Pinkenba, QLD

70-82 Main Beach Road Pinkenba, QLD

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
7.00%
VALUATION
$20,000,000
VALUATION DATE
June 2019
VALUATION TYPE
Independent
NABERS RATING
N/A
NLA
40,490m² (Land)
CAR SPACES
N/A
Tenant Profile
NUMBER OF TENANTS
One
OCCUPANCY
100%
WALE
14.1 years
This property is fully leased.

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