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, a large drive-through loading awning, three-phase power capacity, good hard stand truck turning and loading areas and approval for B double access. A rail spur connected to the adjoining Intermodal Terminal, runs behind the asset.

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 warehouse

- Efficient road and rail access

- Blue-chip industrial location

Asset Information

  • Asset typeDistribution Centre
  • Year built1988
  • TitleFreehold
  • Asset locationBrisbane South
  • ZoningGeneral Industry
  • Site area (hectares)3.50
  • Site coverage (%)51
  • Lettable area ('000sqm)17.7
  • Lettable area adjusted for ownership ('000sqm)9.0
  • Number of buildings5
  • Number of units3
  • Average unit size6
  • Office content9
  • Car parking spaces100
  • Owner DXS,DALT
  • Ownership (%)51
  • Co-ownerDexus Australian Logistics Partner
  • Major tenantEFM Logistics
  • Acquisition dateJune 1997
  • Book value at ownership ($m)13.1
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)13.1
  • Market cap rate (%)6.00
  • 12 month rolling yield (%)6.48
  • Leased by area (%)91
  • Weighted lease term by income (years)0.7
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