278 Orchard Road, Richlands
Overview
278 Orchard Road is a 11.3-hectare site with 6 tenancies varying in size from 6,000 square metres to 11,500 square metres. There is a large cubic capacity with internal clearance up to 13.7 metres, ESFR sprinklers, mix of on grade and docks access, large all-weather awning, full B double and full street access.
Property Information
- Building typeIndustrial Estate
- Year built1985
- Metro areaBrisbane South West
- ZoningGeneral Industry C
- Lettable area ('000sqm)52.9
- Lettable area adjusted for ownership ('000sqm)27.0
- Number of buildings1
- Number of units6
- Average unit size8.8
- Owner DXS,DALT
- Ownership (%)51
- Co-ownerDexus Australian Logistics Partner
- Major tenantMyer
- Acquisition dateMarch 2021
- Book value at ownership ($m)49.5
- Independent valuation dateJune 2022
- Independent valuation at ownership ($m)49.5
- Market cap rate (%)4.75
- Initial yield (%)4.85
- Leased by area (%)100
- Weighted lease term by income (years)2.1