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60 Grindle Road Wacol, QLD 4076

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For Sale - Expression of Interest

60 Grindle RoadWacol, QLD 4076

Warehouse, Factory & Industrial • Development Sites & Land • Showrooms & Bulky Goods
Sale Price

Please contact JLL

Land area

4.52ha (11.17 acres)

Floor area

8971.0m²

Property extent

Whole

Zoning

LII Low impact industry

Tenure type

Tenanted Investment

9.5 Year Triple Net Lease – Established National Tenant

  • 9.5 Year WALE
  • Triple Net Lease Structure
  • CPI Min 3.5% Annual Reviews
Introducing 60 Grindle Road, Wacol, a 9.5 year Triple Net Lease to Vesco Foods, one of Australia’s leading food manufacturers. Located approximately 15 radial kilometres south west of the Brisbane CBD with outstanding access to three major arterials this investment provides the following compelling features:

• 9.5 year WALE to Vesco Foods
• Triple net lease structure
• Current net income $1,480,072 per annum
• Strong rental review structure - Annual CPI (min 3.5%)
• Large 45,220m2* land holding provides expansion potential (STCA)
• 8,971m2* food preparation and distribution facility
• Significant recent capital expenditure by tenant on building fit out
• Outstanding access to the Ipswich Motorway, Logan Motorway and Centenary Highway
• Well established national tenant occupying the site for approximately 15 years

*approximately
(STCA) subject to Council approval

This outstanding investment opportunity is being offered for sale via Expressions of Interest closing 4pm Wednesday 10th July 2019. For further information please contact the JLL exclusive marketing agents.

Property ID: 503224490Last Updated: 10 Sep 2019

60 Grindle Road
Wacol, QLD 4076

Agency contacts

JLL - Brisbane

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JLL - Brisbane

Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
JLL - Melbourne

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JLL - Melbourne

Level 40, 101 Collins Street
MELBOURNE, VIC 3000
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Email enquiry

Send to:

Gary Hyland
JLL - Brisbane
60 Grindle Road Wacol, QLD 4076

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

Kind Regards,

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