1677 Beenleigh Road Underwood QLD 4119

Colliers International, on behalf of Australia Post, are pleased to present this outstanding regional distribution and land banking/re-development opportunity at Underwood, just off the M1 Pacific Motorway and approximately 17.5km from the Brisbane CBD.

Surplus to needs and being sold via a short term leaseback, this strategic offering comprises a 24,873sqm* distribution facility on some 97,840sqm* of prime infill land. Key details are as follows;

- 97,840sqm* of land adjacent to both residential and retail uses
- Flexible zoning allows for a range of repurposing opportunities including code assessible high residential, leisure and industrial uses
- Existing improvements purpose built for Australia Post to incredibly high standards
- Building area of some 13,659sqm* includes a fully sprinklered and airconditioned main warehousing area along with a protected 10,096sqm distribution awning
- Truck servicing, wash, park and refuel facilities are located onsite
- Substantial staff amenities are in place in line with a facility of this calibre
- Short term leaseback until July 2020 + 6 month option, returning $2,050,000 per annum net plus GST will be offered as part of the sale process

This is a rare infill land parcel in a tightly held precinct. Our research indicates that sites within 20 radial kilometres from the Brisbane CBD in excess of 5 hectares will become increasingly rare over the next 10 years, further underlining the investment fundamentals of this offering.

The property is offered for sale via Expression of Interest closing Thursday 21 March at 4pm (AEST).

For further information, please contact the exclusive agents at Colliers International.

*Approx.