Low Site Coverage Investment on 11,359m² in SEQ's Fastest Growing Industrial Location | Rent Increases to $909,155 July 2026
Peter Laoudikos from McGrath is pleased to present 2–8 Hovey Road to the market for sale via Expressions of Interest closing Wednesday 17 June at 4:00pm.
Positioned within South East Queensland's fastest growing industrial corridor, 2–8 Hovey Road offers investors a rare opportunity to secure a high-performing industrial asset with substantial upside through low site coverage across 11,359m²* of land.
With rental income increasing to $909,155 net per annum from July 2026, and a secure lease to long-term tenant Agrichem through to 2030, plus a further six-year option, this represents one of SEQ's standout industrial investment opportunities.
Established in 1986, Agrichem is an Australian-owned agricultural innovation company specialising in liquid fertilisers, crop nutrition and plant health solutions. Renowned as a pioneer in sustainable agricultural technology, Agrichem supplies growers across Australia and more than 30 countries worldwide.
This property serves as the company's headquarters and operational base. Agrichem has held this tenancy since 2012 and has made significant investment into the facility's fit-out, demonstrating a strong long-term operational commitment to the location.
Key Features
- 11,359m²* Light Industry zoned site with direct access to the M1 via Exits 38 and 41.
- 5,428m²* Gross Floor Area across two warehouses with accompanying multi-level office accommodation.
- Low site coverage providing excellent functionality for logistics, manufacturing and future flexibility.
Building One:
- 4,078m²* ground floor warehouse
- 360m²* first floor office and amenities
- Includes lunchroom, toilets, truck parking and loading zone
Building Two:
- 875m²* ground floor warehouse
- 15m²* first floor office and amenities
- Includes lunchroom, toilets, truck parking and loading zone
- Ability to be leased to separate tenants in the future provides further security and value.
- Includes approximately 73 on-site car parks.
- Excellent heavy vehicle access and substantial hardstand areas suitable for container set-down.
- Net rental increasing to $909,155 per annum plus GST and outgoings from July 2026.
- Secure lease in place until 2030, with a further six-year option.
- Annual rental reviews of CPI or 4%, whichever is greater, every 9 July.
- Tenant responsible for all outgoings including land tax, services, maintenance and repairs, cleaning, and air-conditioning maintenance.
- Make-good provisions require the tenant to undertake cleaning, repainting, floor resealing, concrete repairs, car park line marking, office wall rectification, and removal of any contamination or hazardous substances upon lease expiry.
- Strategically positioned within SEQ's premier industrial growth corridor, benefiting from major infrastructure investment including the approved Coomera Connector, enhancing connectivity between Brisbane and the Gold Coast ahead of the Brisbane 2032 Olympic Games.
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