30 Bellrick Street, Acacia Ridge

Overview

Located on the southern side of Bellrick Street in Acacia Ridge, this property presents an ideal facility for logistics operators.

Key features include large floor plates, (spaces from 4,166-7,704 square metres) a large drive-through loading awning, three-phase power capacity, good hard stand truck turning and loading areas and approval for B double access. The site benefits from a rail spur connected to the adjoining Intermodal Terminal.

Just 13 kilometres out of Brisbane, the five-building property includes 100 car onsite spaces and has excellent access to major arterial roads and the Brisbane Multi-User Terminal.

- Large-scale, high-clearance warehouse

- Efficient road and rail access

- Blue-chip industrial location

Property Information

  • Building typeDistribution Centre
  • TitleFreehold
  • Site area (hectares)3.5
  • Lettable area ('000sqm)17.7
  • Lettable area adjusted for ownership ('000sqm)13.3
  • Number of buildings5
  • Car parking spaces100
  • Year built1988
  • Major tenantEFM Logistics
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDexus Australian Logistics Partner
  • Metro areaBrisbane
  • ZoningGeneral Industry
  • Site coverage (%)51
  • Number of units3
  • Average unit size5.9
  • Office content9
  • Acquisition dateJune 1997
  • Book value at ownership ($m)15.3
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)15.3
  • Market cap rate (%)7.50
  • Initial yield (%)7.65
  • Leased by area (%)100
  • Weighted lease term by income (years)3.2