9-13 Viola Place, Brisbane Airport, QLD, 4008

HIGH-YIELD TRADECOAST INVESTMENT WITH 40% EMBEDDED RENTAL UPSIDE

Savills is pleased to present the exclusive sale of 9-13 Viola Place, Brisbane Airport, offered to the market as a tenanted investment via Expressions of Interest.

This opportunity comprises a fully occupied multi-tenanted investment property, with the sale of the 100% leasehold interest underpinned by Tier 1 global tenant covenants. The expansive 20,130 sqm (2.013 ha) site incorporates low site-cover improvements totalling 8,271 sqm of NLA and is currently leased to three established occupiers: Hitachi, Bradken and Expeditors International.

The asset currently generates $979,100 per annum of true net income and benefits from a WALE of 5.42 years, together with further option terms and the ability for incumbent tenants to expand their occupation within the site.

The leasehold interest has a remaining term through to June 2047, with the opportunity to negotiate a further extension.

Located within the core TradeCoast precinct, 9-13 Viola Place presents a secure and strategically positioned investment, supported by strong tenant covenants and approximately 40% embedded rental reversion. The leasehold offering provides astute investors with the opportunity to secure a substantially higher income return than comparable freehold assets.

When combined with the forecast rental growth and increasing cash flow profile, the asset presents a compelling alternative to traditional freehold industrial investments over a long-term investment horizon.

Further details are available within the Information Memorandum.

As the exclusive selling agents, Savills invites Expressions of Interest closing Wednesday, 18 November.

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