509 Boundary Road, Richlands
Key Property Information
509 Boundary Road is an office/warehouse distribution facility constructed in 1995 and subsequently extended in April 1996.
Forming part of the Richlands Industrial Estate, the property is 14km from Brisbane CBD. The Richlands industrial area is serviced by three major arterial roads: Centenary Highway, Ipswich Road and the Logan Motorway, which links the property with the CBD and the Gold Coast.
Key Information
| Location: | South Brisbane, QLD |
| Acquisition Date: | June 2003 |
| Ownership/Title: | 100%/Freehold |
| Independent Valuation: | December 2007 |
| Valuation ($/m2): | $23.1 million ($1,405/m²) |
| Capitalisation Rate: | 7.00% |
| Discount Rate: | 8.75% |
| Lettable Area: | 16,440m² |
| Site Area: | 3.9 hectare |
