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22 Ellison Rd & 280-288 Bilsen Road, Geebung, Qld 4034

22 Ellison Rd & 280-288 Bilsen Road, Geebung, Qld 4034

Industrial/Warehouse

  • For Sale
  • Contact Agent
  • Expression of Interest

Significant 9.1ha* Value Add Opportunity – Northern Brisbane

  • Irreplaceable 9.1*ha corner site
  • Holding incoming of $3,671,398* net pa
  • Inner northern Brisbane location

  • Land Area
  • 9.16ha (22.63 acres) (approx)
  • Floor Area
  • 21,836 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jul 23, 2021

Additional Details


Interested in this property? Contact an Agent today

JLL - Melbourne

Level 40, 101 Collins Street

Melbourne Vic 3000

Tony Iuliano, JLL - Melbourne
Tony Iuliano

Significant 9.1ha* Value Add Opportunity – Northern Brisbane

Significant 9.1ha* Value Add Opportunity – Northern Brisbane
 
JLL Capital Markets Industrial & Logistics team is pleased to offer for sale an exceptional value-add investment opportunity of scale within one of Brisbane’s most tightly held and land constrained industrial markets. The asset is located at 22 Ellison Road & 280-288 Bilsen Road, Geebung an established inner northern industrial precinct approximately 10 kilometres from CBD.
 
The property is underpinned by holding income totalling $3,671,398 net pa from Pickles Auctions and Acrow Scaffolding with a WALE of 2.1 years as at 1 August 2021. The property is one on the largest land holdings within Geebung industrial precinct and provides an incoming purchaser multiple value-add opportunities, whist also maintaining holding income until 2030.

Key Investment Highlights include:
 
• Irreplaceable 9.1*ha corner site within a highly constrained land market
• Inner northern Brisbane location approx. 10km from the Brisbane CBD
• Functional improvements totaling 21,836sqm*
• Holding incoming of $3,671,398* net per annum via two national tenants
• Ability to further

22 Ellison Rd & 280-288 Bilsen Road, Geebung, Qld 4034

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