19 Dulacca Street
Acacia Ridge, QLD 4110

Overview

19 Dulacca Street, ACACIA RIDGE QLD 4110

This property at 19 Dulacca Street, Acacia Ridge, Queensland, presents a prime investment opportunity as a fully leased industrial warehouse facility. The building is a state-of-the-art cold storage and distribution facility, featuring a freestanding structure designed to meet the needs of cold storage operations.

The facility includes a substantial cold room and chiller area totaling 770 square meters, divided into four individual rooms ranging in size from 48 to 477 square meters. This setup allows for versatile storage options suitable for various temperature-sensitive goods. The cold room and chiller are accessible via two sealed loading docks, each equipped with a 4-meter all-weather awning, facilitating efficient loading and unloading operations regardless of weather conditions.

In addition to the cold storage areas, the property offers 150 square meters of quality office space, providing functional administrative and operational areas within the facility. The total floor area of the building is approximately 920 square meters, combining both storage and office spaces.

The site is zoned IN3 General Industry C, which permits 24/7 access, making it suitable for continuous industrial operations. The property benefits from an exclusive use fenced yard with a forklift ramp leading directly to the chiller and cold room, enhancing operational efficiency. A large hardstand area is also available, providing excellent truck maneuverability and external loading capabilities.

Energy efficiency is supported by LED lighting technology throughout the facility, complemented by a recently installed solar system, which contributes to reduced operational costs and environmental impact.

Strategically located approximately 12 kilometers south of Brisbane's Central Business District, the property enjoys excellent connectivity to major arterial routes including the Ipswich Motorway, Beaudesert Road, Pacific Highway, and Centenary Highway. This advantageous location facilitates easy distribution and logistics operations across South East Queensland.

The investment opportunity includes a lease agreement with a rental income of $290,000 per annum plus GST. The lease terms are structured as a 5 by 5 year lease, with annual rent reviews set at 3% or CPI, whichever is greater. The lease commenced on 1st April 2023, and the lessee is responsible for 100% of outgoings excluding land tax. A bank guarantee equivalent to four months' rent is held as bond over the lease term, providing security for the investment.

This property is currently under offer, reflecting strong market interest in high-quality industrial facilities with cold storage capabilities. It represents a valuable asset for investors seeking stable income and long-term lease security in a prime industrial location.

Location