A multi-tenanted industrial freehold investment located in the Far North, the property comprises six industrial buildings providing approximately 1,100 sqm of Buildings (warehouse & office) on a substantial landholding of approximately 10,000 sqm.

 

The asset offers significant industrial land value with future development and value-add potential through its attractive land-to-building ratio.

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Key investment features include:

• Fully leased multi-income asset with diversified cash flow from nine established industrial tenants.

• Business – Light Industry zoning with extensive flat yard areas.

• Located within an established industrial precinct with strong underlying land value.

• An attractive land-to-building proportion, providing scope for future development, expansion of existing improvements, additional yard infrastructure, or potential subdivision opportunities.

• Below-market rental levels across several tenancies, creating the opportunity for future rental growth and income enhancement.

• Established tenant profile providing resilient and diversified income streams.

• Since acquisition, additional tenants have been secured, increasing occupancy, strengthening income resilience, and enhancing the overall investment profile.​

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This was not a passive acquisition opportunity. The property represented a high-risk investment requiring extensive due diligence to identify, understand, and mitigate a range of property,

tenancy, compliance, and operational risks.

 

The high risk benefited with an attractive high yield. Through extensive due diligence and active asset management, these risks were addressed, allowing the asset to be repositioned and its underlying value more effectively realised.

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In essence, the property represents a land-rich, fully leased industrial investment with diversified income, strong tenant demand, and future upside through rental growth, active management initiatives, development, and potential subdivision opportunities.