JLL is pleased to offer a near-new Large Format Trade Centre in one of Queensland’s fastest-growing catchments areas to the market. Located at 30 Torres Crescent, The 'North Lakes Industrial Trade Centre’ presents a rare opportunity to acquire a truly defensive / essential service trade centre investment.
JLL Brisbane's expert agents Nick Bandiera, Fraser Power & Ned Mckendry have been exclusively appointed to market the high-profile property.Â
Strongly situated in Australia’s 3rd largest LGA, North Lakes is located 25km* north of the Brisbane CBD. The property is ideally positioned on Torres Crescent, with over 100m of direct exposure to Diamond Jubilee Way - one of the busiest roads in the region. Its location is also known as the 'go-to' trade destination as Bunnings, RSEA, Haymes Paint, Betaboard, Lighting Illusions, Costco and Road Tech Marine all remain within very close proximity to the property.
Placed on a substantial 6,761sqm* block of land, the property features a unique four street exposure, allowing for easy accessibility to and from the site. The property has a Gross Floor Area (GFA) of 3,080sqm* and contains a highly adaptable building design, along with flexible zoning conditions.Â
The large scale format asset is securely leased to Total Tools, Burson Automotive, BSC / CBC (Motion Asia-Pacific), and Urban Outdoor Power Equipment (Stihl / Toro), which generates a fully leased net income of $696,591. The desirable commercial property also has a strong 6.18-year WALE.
Commenting on the exciting opportunity, JLL senior executive Fraser Power said “Very rarely do assets of this calibre come the market – it’s unrivalled strength of covenant supported by highly favourable lease structures and an abundance of future upside makes it a truly unique offering"
The property up for sale via Expressions of Interest closing Thursday the 14th of October at 4pm (AEST).
