39-45 Cessna Drive
Caboolture, QLD 4510

Overview

Diversified true net income of $536,362 from 11 tenants with built-in rental growth*

This commercial property located at 39-45 Cessna Drive in Caboolture is a substantial industrial warehouse asset positioned within the sought-after Corporate Park industrial precinct. It represents a significant freehold investment opportunity supported by a diversified tenancy profile.

The asset is fully leased, comprising a net lettable area of 3,178 square meters distributed across 13 tenancies, which are occupied by 11 established tenants. This tenancy structure generates an approximate net income of $536,362 per annum under a true net lease arrangement, providing a reliable income stream for investors.

Situated on a prominent corner site measuring approximately 6,438 square meters, the property benefits from direct access to major transport routes including Bribie Island Road and the Bruce Highway. This strategic location offers excellent connectivity to key markets such as Moreton Bay, the Sunshine Coast, and North Brisbane, enhancing the asset's appeal.

Current rental levels are considered below market benchmarks, and with a short weighted average lease expiry (WALE) of 1.9 years, the property presents clear potential for rental growth and value enhancement through repositioning opportunities.

Key features of the property include:

• A net income of $536,362 per annum
• Diversified income stream from 11 tenants across 13 tenancies
• A net lettable area of 3,178 square meters on a substantial 6,438 square meter freehold landholding
• Tenancy sizes ranging from approximately 82 to 642 square meters
• A short 1.9-year WALE offering potential for lease renegotiation and rental uplift
• A prominent corner industrial site with strong access and exposure

The property is offered for sale via offers to purchase, with the closing date set for Thursday, 23 April at 4:00pm (AEST). This presents an excellent opportunity for investors seeking a well-located industrial asset with a secure income and potential for future growth.

All measurements and financial figures are approximate and provided for guidance purposes only. Prospective purchasers should conduct their own due diligence to verify all information.

Location