482 Newman Road, GEEBUNG QLD 4034
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- Industrial / Warehouse
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- 12 Oct 2016
LEASED TO ONESTEEL UNTIL JULY 2018! FOR SALE via EOI
CBRE is pleased to present for sale one of Brisbane's most compelling industrial investment opportunities. 482 Newman Road, Geebung, offers the opportunity to acquire a modern tilt panel, generic industrial building with a superb covenant and genuine further development potential in the future. Very rarely can you find a quality industrial property leased to a true blue-chip tenant and have the ability to add significant GFA to the existing building after expiry of the current lease term. With interest rates at an all-time low, now is the time to acquire a high returning asset with the potential for further development upside.
•ASX Listed Tenant
•3 + years remaining on the initial lease term
•12,229sqm General Industry zoned site with 8,243sqm usable land area
•Quality tilt panel construction with corporate office
•Low site cover with ability to expand building to increase GFA
•Huge redevelopment/value add opportunity
Geebung is a well-established industrial precinct, currently home to a wide variety of well-known companies including Arnotts, Westpac, Suncorp, Commonwealth, Bunnings, Bradnam's Windows, Energex, Byrne Ford and Telstra. The precinct is well serviced by multiple transport services, including two railway stations and numerous bus routes. The implementation of the Airport link tunnel and Geebung overpass has improved access to the area significantly. The property is located just 12 minutes from the Brisbane Airport and the Gateway Motorway North & South are easily accessed via Toombul Road.
Expressions of interest closing Thursday 23rd April 2015 at 4pm.
For further information including a detailed Information Memorandum and Due Diligence pack please contact Exclusive Agents Dan Munnich or Nick Witheriff of CBRE.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
482 Newman Road GEEBUNG