Freight & distribution warehouse Investment, Toowoomba
To be acquired at 7% initial yield approx- settled
Toowoomba, in the heart of south-east Queensland’s booming food bowl, is on fire right now! This fantastic storage and distribution facility (photos above) at 11/57 Heinemann Road has recently been acquired by one of our clients. The property is fully leased to the agri-chemical company Nufarm Australia, for the storage and distribution of wholesale agri-chemicals. The facility services the major agricultural regions of Queensland and northern New South Wales and is prominently positioned at the entrance to the Heinemann Road Transport Precinct. It has frontage to Toowoomba Cecil Plains road, which carries around 3,500 vehicles daily and provides full road-train access to the site.
Our client chose to syndicate the property, with the objective of providing stable monthly income and capital appreciation for the Unitholders.
It was a canny purchase by our client: the estate is strategically located and zoned for logistics and distribution, with direct access to the surrounding arterial road networks connecting the Gore, Warrego and New England Highways.
These arterial road networks not only connect Heinemann Road directly to most of the significant agricultural regions within Queensland and Northern New South Wales, but also to most of the major economic centres and Capital cities along the eastern seaboard. It’s within 5 kilometres of the Toowoomba Wellcamp Airport to the West, the proposed Inland Rail Intermodal Terminal to the North and within 10 kilometres of Toowoomba city centre to the East.
The total site area is 7980 m2
Building lettable area 16180 m2
Tenant : Nufarm Australia Ltd
Leased term: Fifteen years commencing 1st September 2013 (WALE OF approx 7.75 years at time of acquistion)
Initial yield * 7% approx
Current Base Rent $501,506.75 per annum Net + GST
Purchase Price $7,200,000
All areas and figures are approximate only. All reasonable steps have been taken to ensure the accuracy of this information and this does not constitute any representation by us as agent and should be considered a guide only.