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33 Queensport Road, Murarrie (QLD)

Comprises a 3.3 ha site located in the premier Australia TradeCoast. Improvements comprise 12,700 sqm (approximately) of functional distribution/storage space and an additional 6,000 sqm (approximately) of hardstand secured post purchase on a 50-year ground lease. The investment comprises a high yielding, land-rich brownfield industrial property. Future development upside exists and the property has multiple "higher and better" redevelopment options.

Syndicate term:

8 years

Purchase price:

$9,100,000

Anticipated return on equity:

13 – 14% pa

GM Property Group
T (+61) 8 6555 3215

E julia@gmpg.com.au
M PO BOX 432, Cottesloe WA 6911

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