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22 Ellison Rd & 280-288 Bilsen Road Geebung QLD 4034

  • Factory, Warehouse & Industrial
  • 21,836 m²
  • For Sale, Contact Agent

Significant 9.1ha* Value Add Opportunity Northern Brisbane

  • Irreplaceable 9.1*ha corner site
  • Holding incoming of $3,671,398* net pa
  • Inner northern Brisbane location

Significant 9.1ha* Value Add Opportunity Northern Brisbane

JLL Capital Markets Industrial & Logistics team is pleased to offer for sale an exceptional value-add investment opportunity of scale within one of Brisbane's most tightly held and land constrained industrial markets. The asset is located at 22 Ellison Road & 280-288 Bilsen Road, Geebung an established inner northern industrial precinct approximately 10 kilometres from CBD.

The property is underpinned by holding income totalling $3,671,398 net pa from Pickles Auctions and Acrow Scaffolding with a WALE of 2.1 years as at 1 August 2021. The property is one on the largest land holdings within Geebung industrial precinct and provides an incoming purchaser multiple value-add opportunities, whist also maintaining holding income until 2030.

Key Investment Highlights include:

Irreplaceable 9.1*ha corner site within a highly constrained land market
Inner northern Brisbane location approx. 10km from the Brisbane CBD
Functional improvements totaling 21,836sqm*
Holding incoming of $3,671,398* net per annum via two national tenants
Ability to further subdivide to cater for multiple tenants
Opportunity to value-add via higher density business park / industrial development (STCA)
Staggered lease expiry providing sustainable holding income
Land rich site with strong underlying land value
  *approximate
(STCA) Subject to council approval

 The property is being offered for sale via Expressions of Interest closing Wednesday 7 th July 2021 at 4pm (AEDT).

For further information please contact the below exclusive marketing agents.

Tony Iuliano
JLL - Melbourne
Tony Iuliano
JLL - Melbourne
Gary Hyland
JLL - Melbourne
Gary Hyland
JLL - Melbourne

Property Highlights

Property ID2017045348
Floor Area21,836 m²
Land Area9.16 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  2 Jun 2021
Map for 22 Ellison Rd & 280-288 Bilsen Road Geebung QLD 4034
Map for 22 Ellison Rd & 280-288 Bilsen Road Geebung QLD 403422 Ellison Rd & 280-288 Bilsen Road Geebung QLD 4034
Tony Iuliano
JLL - Melbourne
Tony Iuliano
JLL - Melbourne
Gary Hyland
JLL - Melbourne
Gary Hyland
JLL - Melbourne

Property Highlights

Property ID2017045348
Floor Area21,836 m²
Land Area9.16 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  2 Jun 2021
JLL - Melbourne
Level 40 101 Collins Street Melbourne VIC 3000
Tony Iuliano
JLL - Melbourne
Tony Iuliano
JLL - Melbourne
Gary Hyland
JLL - Melbourne
Gary Hyland
JLL - Melbourne
Tony Iuliano

Tony Iuliano

JLL - Melbourne

Gary Hyland

Gary Hyland

JLL - Melbourne

+61 *** ***
+61 412 992 830

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