47 Acanthus Street, Darra


47 Acanthus Street is a modern cold storage and food processing facility. Access to the loading dock is provided via seven roller shutter doors with levellers. Other improvements to the site include 2,000 square metres concrete hard stand for on-site parking, boundary fencing and basic landscaping, office, anteroom and deep freeze. The property has extensive solar power systems, a stand-by generator, water tanks and its own bore hole.

Located within 2 minutes from the Centenary Highway and the Ipswich Motorway.

Property Information

  • Building typeIndustrial Estate
  • Year built2011
  • TitleFreehold
  • Metro areaBrisbane South West
  • ZoningGeneral Industry B
  • Site area (hectares)0.9
  • Site coverage (%)44
  • Lettable area ('000sqm)4
  • Lettable area adjusted for ownership ('000sqm)4.0
  • Number of buildings1
  • Number of units1
  • Average unit size3.8
  • OwnerDXS
  • Ownership (%)100
  • Major tenantCommgroup
  • Acquisition dateNovember 2018
  • Book value at ownership ($m)15.0
  • Independent valuation dateJune 2022
  • Independent valuation at ownership ($m)15.0
  • Market cap rate (%)5.00
  • Initial yield (%)4.65
  • Leased by area (%)100
  • Weighted lease term by income (years)0.6
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