Case Studies

3-9 Bult Drive, Brendale

The property is located within the Brendale Business Park Estate approximately 18 radial kilometres from the Brisbane CBD.

The property has three street frontages which enabled the tenant Wesbeam Pty Ltd to easily move large bundles of timber around on site.

The site area consists of 15,067m² with some 6,084m² under roof including an administration area of about 350m².

The tenant Wesbeam Pty Ltd are a well known Western Australian Timber entity having taken possession of the premises following the expiration of the previous lease to Hynes Timbers.

Noteworthy neighbouring properties in the Brendale precinct include the Super Retail Group, Aldi, ARB, Jetmaster and B.J. Ball.

Access to the area is provided by link roads to the Gateway Motorway and the Bruce Highway with Rail access within approximately 1 kilometre.

Sales Analysis*
VendorVynian Pty Ltd
Marketing Budget$17,840.90
Sale MethodExpressions of Interest
Marketing Period6 weeks
Sale Price$8,500,000
Sale DateDecember 2015
Total EOI’s5
Car Parks64
N.L.A6,084m²*
Site Area15,067m²
PurchaserPrivate Investor
TenantWesbeam Pty Ltd
Lease Term5 x 5 commencing 1/08/2015
Net Income$703,305 + GST
Site Coverage40%
Capitalization Rate8.27%

Approx *

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