Positioned in one of Queensland’s tightest industrial markets, this asset delivers an investment opportunity with potential. Units 3 & 5- 7a Viola Place, Brisbane Airport provide an opportunity to acquire two high quality income producing assets with the numerous features.

Savills Callum Stenson and Shaw Harrison in conjunction with Cushman & Wakefield’s Tony Iuliano and Gary Hyland are selling both properties in one line or separately via Expressions of Interest closing 4pm Wednesday 30th August 2023.

The asset has a total land area 47,646 square metres across three separate lease areas. Total gross lettable area is 18,157 square metres across two high quality freestanding industrial facilities.

This is a rare opportunity to acquire two prime freestanding industrial investments in an extremely sought after Trade Coast precinct. The leases are underpinned by longstanding tenants with a WALE of 7.5 years with future uplift given the low site cover of both properties. This will attract a range of international and local buyers hunting a higher yield outcome” commented, Shaw Harrison.

“Although it is a leasehold investment, the 49 year lease in favour of the Lessee, with a term certain until 2096, makes this high yielding investment a real alternative to an equitable freehold opportunity.” Said Callum Stenson.

The low 38% site cover provides expansion potential within one of Queensland’s most tight held industrial markets.

The property has a net income after deduction of land rent of $1,324,270 per annum (as at 1 November 2023) with a long term ground lease with an option of 49 years, providing security of land holding.

The property has a staggered lease expiry with a 7.5 year WALE, with ability to access expansion potential on one of the assets within 2.3 years.

The asset is being sold with leases to highly regarded covenants with strong annual review structures. It is an outstanding Australia TradeCoast location approximately eight kilometres from the Brisbane CBD.

The Australia TradeCoast is a unique 8,000ha trade and industry region located 6km from the Brisbane CBD and is made up of the Brisbane Airport, Port of Brisbane and a number of surrounding commercial and industrial precincts.

The Australian TradeCoast is the largest employment zone in Queensland after the Brisbane CBD and is a key driver of economic growth and employment within South East Queensland.

Business activities within the Australia TradeCoast are a major contributor to the Queensland economy and the precinct is home to around 1500 businesses and over 60,000 employees and is forecast to employ more than 110,000 people by 2026 with a value to the Queensland economy of $9.48 billion.

Furthermore, Viola Place is located on the Brisbane Airport, within Export Park, a highly successful commercial and industrial precinct providing direct linkages to South East Queensland’s dynamic transportation network, unrivalled onsite amenity and the ability to operate 24/7.

The Brisbane Airport is a suburb in its own right and the third-largest airport in Australia by passenger numbers. Comprising 2,700ha the Airport incorporates and diverse mix operation, including industrial, commercial, aviation, retail and accommodation uses.

There are over 425 businesses located on the Airport employing over 24,000 people and contributing $4.7b to the Queensland economy. By 2050 the Airport is expected to be home to over 60,000 employees with an annual contribution to the Queensland economy of $5.3b by 2040/41.

Given the Airport’s outstanding connectivity, on site amenity and strong employment base many corporate occupiers have made the decision to locate within the Airport. Major corporates to locate at the Airport include Australia Post, DHL, Miele, Downer, Haymans Electrical and GPC Repco.

To request a copy of the Information Memorandum please contact one of the marketing agents Savill’s Callum Stenson and Shaw Harrison together with Cushman & Wakefield’s Tony Iuliano and Gary Hyland via the contact details below.