A site leased to BlueScope Steel until 2028 worth a net income of approximately $2 million per annum is on the market in Brisbane.
Industrial property agents Jones Lang LaSalle says 60 Gay Street in Coopers Plains, 14 kilometres south of the CBD is one of Brisbane??s most compelling investment opportunities.
It features a warehouse of 11,712sqm, a workshop of 884sqm, administrative offices of 1,112sqm, for a total of 13,608sqm.
??The 7.9ha general industry site offers scale, substantial underlying value and a securely leased blue-chip tennant,?? says Jones Lang LaSalle appointed salesperson Aaron Bates.
??60 Gay Street also presents the rare opportunity to acquire a large, freehold Brisbane site with a combination of standard and narrow gauge rail sidings.??
The long haul efficiencies offered by rail freight are expected to decrease Australia??s dependence on road transport in the long term.
??This will add significant value to the limited number of Brisbane sites with direct access to standard gauge rail,?? Bates says.
Jones Lang LaSalle Australian Head of Industrial Michael Fenton adds the commands an absolute prime Acacia Ridge location.
??In short, 60 Gay Street ticks every box. A blue chip tenant, a strong, long term lease and a strategic underlying landholding,?? Fenton says.
60 Gay Street, Coopers Plains is being offered for sale via Expressions of Interest, closing Thursday 21st July at 5:00pm (EST) at Jones Lang LaSalle, Brisbane.
BSL Price at posting:
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