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1117-1133 Ipswich Road Moorooka, QLD 4105

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1117-1133 Ipswich Road
Moorooka, QLD 4105

Warehouse, Factory & Industrial • Development Sites & Land

Price information

Sale

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Land area

0.73ha (1.79 acres)

Floor area

5443.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$619,629
Number of Tenants
2 Tenants
Tenants / Type
Tile Showroom & Warehouse

Large 7,259sq m* site on Major Arterial Road Returning $619,629pa Net - 8% yield

  • 7,259sq m* site
  • $619,629 Net Income
  • 9km's* from Brisbane CBD
Savills and Cushman & Wakefield on behalf of the vendor are pleased to present to the market for sale 1117 & 1133 Ipswich Road, Moorooka available individually or in one line.

The property is ideally located at the entrance to the Magic Mile, being the first major properties located off the Ipswich Motorway inbound to Brisbane's CBD offering left in and left out access from Ipswich Road. Centrally located along major logistics growth corridor to Ipswich the property benefit from excellent connectivity to Beaudesert and Ipswich Roads, in addition to the Logan and Pacific Motorways. Major bus and rail networks neighbour the site providing excellent transport for all customers and staff to the site, with less than 100m walk to the train station.

Key features 1117 Ipswich Road:-

- Expansive 6,510sq m* site area
- 5,107sq m* GFA
- Brand new 3 year lease to long standing tenant Concept Tiles - approx. 30 years
- Net income $536,235pa
- Tenant pays all outgoings
- 6 month demolition clause
- 70 metres and 90 metres frontage to Ipswich Road & Unwin Street respectively
- Significant exposure to 50,000 cars* daily
- Code assessable development opportunity for a service station and 250sq m of retail
- Up to 500m visability along Ipswich Road
- Multiple crossovers and dual street access
- Drive-through warehouse capabilities

Key features 1133 Ipswich Road:-
- 336sq m* NLA
- 749sq m* site area
- Current net return of $26,669pa
- Fully leased net income $83,394pa
- Vendor to provide rental guarantees over vacancy
- Ample rear parking

This property is for sale via Offers to Purchase closing Wednesday, 8th May 2019 (if not sold prior).

For further information and to arrange an inspection, please do not hesitate to contact the Agents below.

(*) denotes Approx

Property ID: 503147954Last Updated: 25 Sep 2019

1117-1133 Ipswich Road
Moorooka, QLD 4105

Agency contacts

Savills - Brisbane

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Savills - Brisbane

Level 2, 66 Eagle Street
BRISBANE CITY, QLD 4000
Cushman & Wakefield - Brisbane

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Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
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Gregory Woods
Savills - Brisbane
1117-1133 Ipswich Road Moorooka, QLD 4105

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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