A modern office/warehouse opposite Brisbane Airport has sold for $9.414 million reflecting a 5.8 per cent yield.
On 1.1 hectares, 113 Bancroft Road, Pinkenba, is tenanted for nearly three more years to The Palladium Group, which supplies Australian foreign aid within the Asia Pacific region.
It contains a 471 square metre A-grade commercial space over two floors.
The 4600 sqm clearspan factory has multiple roller door entrances, a minimum 8.5 metre clearance, 1000kVa transformer and sprinkler system (story continues below).
Four 6.4 tonne gantry cranes run the warehouse span.
CBRE’s Dan Munnich and Ben Lyons marketed the Australia Trade Coast precinct investment.
Pinkenba is about 10 kilometres north east the city, near Port of Brisbane.