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.
Banyo is about 13 kilometres north east of Brisbane.