Multi-tenanted industrial investment in Yatala up for sale
A multi-tenanted investment industrial investment in South East Queensland with future development potential is expected to generate significant investor interest as it hits the market.
16 April 2024
The property at 91 Darlington Drive in Yatala is strategically located within the Yatala Enterprise Area (YEA), positioned between Brisbane and the Gold Coast.
It has a current gross floor area of 9,998sq m across five buildings, with a secure income stream across five separate tenancies. Current tenants including Sky Deck Steel Pty Ltd, Cargo and Logistics Management Pty Ltd and Carroll Group Pty Ltd, with a WALE just shy of one year.
The property has a site area of 3.74ha, with a future development area of up to 1ha. Some semi-completed buildings also sit on the site, with a total NLA of 2,700sq m.
The multi-tenanted investment is being taken to the market via an Expressions of Interest campaign run by Knight Frank agents Sam Harper and Elliot Ryan.
Mr Ryan said one of the biggest drawcards of the property was its location, being situated in the blue-chip industrial suburb of Yatala.
“The Yatala Enterprise Area is well serviced by the M1 Pacific Motorway and Logan Motorways which provide quick and efficient access to the Brisbane air and sea ports and Northern and Western Transport Routes,” he said.
“It sits between Brisbane and the Gold Coast, Australia’s third and sixth largest cities.
“The area is home to some of Australia’s largest occupiers including Aldi, Harvey Norman, Stratco, Caterpillar, National Tiles and KC Linen.”
Mr Harper said significant investor interest was expected for the asset, due to not only the location of the property but its investment fundamentals.
“The property has a secure income stream from five separate tenancies, and offers the opportunity to add value through completion of the semi-completed buildings, as well as further development potential and significant rental reversion” he said.
“It currently has a passing annual income of more than $1.095 million, with a market income in excess of $1.8m.”
The Yatala industrial property is zoned high impact industry, and allows for 24/7 operation, which is suitable for manufacturing and warehousing.
It also has excellent truck access and hardstand areas for container set down.
The Expressions of Interest campaign for the property will close at 4pm on Wednesday, May 15.
View listing here
