QLD Freehold Industrial Facility with Value-Add Upside

This investment presents significant value potential with a fully leased, freehold industrial facility on an expansive 3.59Ha site in Queensland. Featuring a 35,900sqm overall site and 5,320sqm NLA – including a 620sqm two-storey office, 1,900sqm workshop equipped with dual 20t and one 10t overhead gantry cranes, 1,800sqm workshop, and a 1,000sqm workshop, this asset is currently under-rented at $89/sqm. With market rents conservatively estimated at $109/sqm – and potential further uplift when optimising tenancy across the workshops and office – there is approximately $200k p.a. of under-rented income.

This translates to an immediate valuation uplift of around $1.9M, achieving an estimated valuation of $11.6M and an additional potential uplift of $3M on market rent review. The facility is leased to a leading engineering and maintenance services provider – on a brand new 6-year lease (with two further 6-year options, CPI annual reviews, and a 6-month bank guarantee), delivering a net income of $728,000 p.a. (plus GST and outgoings).

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