Case Studies

2/282 New Cleveland Road, Tingalpa

The subject property is constructed from concrete tilt panel, containing 194m²* office and 356m²* clearspan warehouse. The office space contained a mixture of open planned and partitioned offices with both kitchen and Toilet amenities. The space has fully ducted air-conditioning and is equipped with a security system. The warehouse has an internal clearance of 7m and has the option for pallet racking to be installed. It also has four Manuel roller doors that allow for good natural lighting and airflow.

The properties point of difference was a shared driveway access that didn’t appeal to many users. Due to this fact the owners compensated potential tenants with a rental price lower than the market. Another point of difference was the lack of industrial units ranging from 300 – 600sqm with the majority of space being warehouse. This limited stock made this building appealing from this sense even with the shared access.

Lease Analysis*
Lessee:Metal Fabrication
Annual Rental:$60,000.00 + GST
Rate PSQM:$109.10
Outgoings:Gross Rental
Lease Term:3+3 years
Reviews:Annual OPI Minimum 4% and Market review at the option.
Incentive:Two Months’ rent free
Marketing Budget:$0
Days on market:365

* approx

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