514 Boundary Road, Richlands
Key Property Information
This property comprises two modern freestanding industrial warehouse buildings constructed in 2000, with substantial hardstand area.
The property boasts excellent road access and is located within close proximity to both Ipswich Road and the Centenary Highway.
The eastern and western buildings have a total GLA of 14,585m² and are occupied by Toll Ipec and Toll Express. Site coverage is low at 25%, with a large functional servicing yard.
Key Information
| Location: | South Brisbane, QLD |
| Acquisition Date: | October 2005 |
| Ownership/Title: | 100% Freehold |
| Independent Valuation: | December 2007 |
| Valuation ($/m2): | $23.1 million ($1,584/m²) |
| Capitalisation Rate: | 7.25% |
| Discount Rate: | 8.75% |
| Lettable Area: | 14,585m² |
| Site Area: | 5.8 hectare |
| Hard Stand: | 16,863m² |
