84 Lahrs Road, Ormeau


84 Lahrs Road is a modern cold storage and food processing facility. Improvements comprise a purpose-built cold store facility with an ancillary office provided over a single level. Access to the loading dock is provided via ten roller shutter doors, 9 with levellers. Other improvements include three concrete crossovers, on-site parking, boundary fencing and basic landscaping, diesel refuelling depot, workshop, weigh bridge and driver accommodation.

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

Property Information

  • Building typeIndustrial Estate
  • Year built2000
  • TitleFreehold
  • Metro areaBrisbane South
  • ZoningLow Impact Industry
  • Site area (hectares)2.1
  • Site coverage (%)37
  • Lettable area ('000sqm)7.4
  • Lettable area adjusted for ownership ('000sqm)7.4
  • Number of buildings1
  • Number of units1
  • Average unit size7.5
  • OwnerDXS
  • Ownership (%)100
  • Major tenantScotts Refrigerated Logistics
  • Acquisition dateApril 2021
  • Book value at ownership ($m)33.5
  • Independent valuation dateJune 2022
  • Independent valuation at ownership ($m)33.5
  • Market cap rate (%)5.25
  • Initial yield (%)5.52
  • Leased by area (%)100
  • Weighted lease term by income (years)1.8
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