A high-quality office/warehouse facility with three tenancies in Brisbane’s TradeCoast is expected to generate strong investor interest as it hits the market this week.

The property at 79 Bancroft Road in Pinkenba is being taken to the market via an Expressions of Interest campaign run by Knight Frank agents Elliot Ryan and Ben Hatch, in conjunction with Cushman & Wakefield’s Bevan Galloway.

It has 5,855 sqm of high quality improvements on 9,644 sqm site with ample parking, with three tenants including printing facility Spot Productions, fuel supplier IOR and motorcycle dealer Top Gun Mobility.

Mr Ryan said the property presented an outstanding opportunity for an astute investor to acquire a rare offering with short-term positive rental reversion.

“The proposed fully-leased net income of $815,470 per annum, with scope to increase to $995,350 by September 2024 following a market review for several leases,” he said.

“There is a partial leaseback to Spot Productions on offer at market rental for an initial term of five years.

“The property is available to purchase on an individual basis or in one line.”

Mr Hatch said the property was strategically positioned in the heart of Brisbane's highly sought-after TradeCoast industrial precinct.

“Pinkenba is situated within the Australian TradeCoast, which is the largest employment zone in Queensland after the Brisbane CBD and is a crucial driver of economic growth and employment within Southeast Queensland.

“The TradeCoast's strategic location and proximity to the Brisbane Air and Sea Ports has attracted many of Australia's largest industrial users such as DHL, Toll, Aramex, CEVA Logistics and Amazon.

“With the market being starved of quality stock and vacancy continuing to drop to record lows, particularly in the TradeCoast, prime and secondary rents continue to experience significant growth within this key industrial precinct.”

Situated approximately 14 kilometres from the Brisbane CBD, 79 Bancroft Road offers unrivalled access to major transport routes such as Kingsford Smith Drive, Southern Cross Way, Gateway Motorway and the East West Arterial Road Network.

Strategically located adjacent to the Brisbane Airport, the property is in close proximity to the Port of Brisbane and all key infrastructure that is key to efficiently servicing Southeast Queensland.

The property has recently undergone a refurbishment and presents to a good market standard with excellent levels of power servicing the property.

The Expressions of Interest campaign for the Pinkenba property will close at 5pm on Thursday, May 25.

To request a copy of the Information Memorandum please contact one of the marketing agents Knight Frank agents Elliot Ryan and Ben Hatch, in conjunction with Cushman & Wakefield’s Bevan Galloway via the contact details below.