18 Motorway Circuit, Ormeau


18 Motorway Circuit is constructed from concrete tilt panel, the building has been insulated to provide cold storage and chilled are for food processing. There are six loading docks: one on grade, five with elevated docks. The site has on grade access via two entry points form the road which allows drive through access for trucks. Other improvements to the site include approximately 2,1000 square metres concrete hardstand for on-site parking, boundary fencing and basic landscaping.

Located by major road infrastructure and linkages to Brisbane, Gold Coast, NSW and Ipswich via the M1 and to the North Logan Motorways and access to the Brisbane Airport and Port.

Asset Information

  • Asset typeIndustrial Estate
  • Year built2008
  • TitleFreehold
  • Asset locationBrisbane South
  • ZoningLow Impact Industry
  • Site area (hectares)0.80
  • Site coverage (%)6
  • Lettable area ('000sqm)4.9
  • Lettable area adjusted for ownership ('000sqm)4.9
  • Number of buildings1
  • Number of units1
  • Average unit size5
  • OwnerDXS
  • Ownership (%)100
  • Major tenantTop Cut Foods
  • Acquisition dateApril 2021
  • Book value at ownership ($m)18.8
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)18.8
  • Market cap rate (%)6.00
  • 12 month rolling yield (%)5.76
  • Leased by area (%)100
  • Weighted lease term by income (years)8.1
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