Brisbane cold store collects $8.2m
A city-fringe cold store investment has sold between private investors,
The deceased estate’s 40 Curzon Street, Tennyson, collected $8.2 million – a 6.81 per cent net passing yield.
Team Global Express is the tenant.
CBRE’s Sam Parker and Jack Hardy were the agents. Trellus Property acted for the buyer.
Three street frontages
The recently refurbished 1758 square metre building has an 8.5 metre clearance.
There is also an undercover awning (continues below).
It has full drive around truck access, on a 4163 sqm block with three street frontages. The zoning is General Industry B.
There is also a 500kva transformer onsite.
The weighted average lease expiry is 3.4 years.
Tennyson is seven kilometres south west of Brisbane’s CBD, near Brisbane Markets.
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