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1/13 Central Court
Hillcrest QLD 4118
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Sold on 28 Jun 2024

1/13 Central Court Hillcrest QLD 4118

  • Factory, Warehouse & Industrial
  • 420 m²
  • Sold

Entry Level Industrial Investment Leased to International Electrical Giant

    Burgess Rawson is pleased to offer to the market 1/13 Central Court, Hillcrest for sale via our Investment Auction Portfolio 169.

    This opportunity has the following key investment highlights:

    + Renewed three (3) year net lease to Lawrence & Hanson to August 2027 with options to 2030
    + Lawrence & Hanson: a subsidiary of Sonepar Group and Australia's leading Electrical Wholesaler with over 170+ stores in Australia
    + Sonepar Group: international electrical giant trading in 40 countries with 2,400 branches (170+ in Australia) and 45,000 associates
    + Landlord friendly net lease structure with tenant paying 100% of outgoings as per lease (including land tax on single unit holding)
    + Site has direct access to the Mount Lindesay Highway, connecting South-East Queensland to Brisbane and beyond, with exposure to 70,000+ vehicles daily*
    + Spacious 420sqm* NLA comprising large warehouse accommodation, mezzanine storage and multiple office spaces
    + Landlord favorable annual CPI reviews
    + 6 on-site car spaces for customers allowing for ease of access
    + Long term tenant in occupation since 2005
    + Conveniently positioned within 200m* from national retailers Boral, EG Ampol, 7-Eleven & Beacon Lighting
    + Located within 500m* from Grand Plaza, anchored by Woolworths, BIG W, Target, Coles, Kmart and 100+ specialty retailers
    + Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works projects*
    + Net Income: $51,500 pa* + GST (as of 1 August 2024)

    For Sale by Investment Portfolio Auction
    10:30am AEST Thursday 27 June 2024
    The Hilton, Brisbane

    Bidder registration required, register at portfolioauctions.com.au

    Please contact the exclusively appointed Burgess Rawson team for more information.

    *Approx.

    AUCTION

    Auction date and time27/06/2024 10:30
    Auction locationThe Hilton, Brisbane

    Property Highlights

    Date Sold28 Jun 2024
    Floor Area420 m²
    Land Area1,750 m²
    ParkingAsk Agent
    Property ID2019276466
    Category
    Last updated  1 Jul 2024
    Map for 1/13 Central Court Hillcrest QLD 4118

    Property Highlights

    Date Sold28 Jun 2024
    Floor Area420 m²
    Land Area1,750 m²
    ParkingAsk Agent
    Property ID2019276466
    Category
    Last updated  1 Jul 2024

    Co-Agents

    Craig Chapman
    Burgess Rawson Queensland
    Call
    0427 110 132
    Tom Lawrence
    Tom Lawrence
    Burgess Rawson Queensland
    Call
    0428 626 117

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