Banyo distribution centre investment collects $6.1m

Swiss logistics giant Keuhne + Nagel occupies 113 Buchanan Road, Banyo.

A distribution centre near Brisbane Airport has sold for $6.1 million.

Based on the net yield – 6.3 per cent – the occupier of 113 Buchanan Road, Banyo, Swiss logistics giant Kuehne + Nagel, is paying annual rent of close to $400,000.

Near Mick Doohan Raceway, the 7556 square metre site contains a 2500 sqm, long, high quality warehouse.

It is near a factory leased to Queensland University of Technology – where Australia’s first lithium-ion battery was created – which traded for $7m five months ago (story continues below).

In May a modern, double storey office/warehouse at 25 Buchanan Rd in the suburb, occupied by Ergon Energy since 2008, exchanged for $11.5m reflecting a 6.4pc return.

CBRE Industrial & Logistics’ Dan Munnich and Jack Pershouse marketed #113.

Banyo is about 13 kilometres north east of Brisbane.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of