16 Whitelaw Place
Richlands, QLD 4077

Overview

16 Whitelaw Place, RICHLANDS QLD 4077

This exceptional commercial property at 16 Whitelaw Place, Richlands, presents a unique investment opportunity within the thriving industrial sector. The facility is a modern, high-level food manufacturing site, equipped with advanced cold storage and freezer capabilities, designed to meet the rigorous demands of food production and distribution.

The property benefits from a new, secure 10-year lease commencing December 2024 with Gilbert Kitchens, a reputable tenant specializing in a multifaceted approach to food production. Their operations include nutritious direct-to-consumer meals alongside business-to-business products, offering both individual and bulk solutions tailored for the food service industry.

Financially, the property generates a net income of $607,564 per annum plus GST, with 100% of outgoings payable by the lessee, ensuring a stable and predictable revenue stream for investors.

Key features of the property include a versatile mix of freezer, cold store, and temperature-controlled warehousing spaces, supporting a wide range of food production and storage needs. The facility is equipped with graded floors and a major grease trap system, essential for maintaining hygiene and operational efficiency in food manufacturing environments.

Electrical infrastructure is robust, with 800 amps per phase, supporting high power demands typical of industrial food production. Access is facilitated by three on-grade roller doors and a loading dock, streamlining logistics and distribution processes. Additionally, the property offers dual street access, enhancing operational flexibility and ease of transport.

Strategically positioned within the New Metroplex, the site enjoys proximity to major freeways including Ipswich, Centenary, and Logan, providing excellent connectivity for supply chain and distribution networks.

This property is ideal for investors seeking a secure, long-term income from a high-quality industrial asset in a prime location. The combination of modern facilities, strong tenant covenant, and strategic location makes this an outstanding opportunity in the commercial real estate market.

Location