With more than 20 years of continuous occupancy, the Caboolture Department of Transport is an iconic freehold property in the heart of the sold out Corporate Park estate.
Ray White Commercial Northern Corridor Group is honoured to present 2-4 & 6-8 Piper Street, Caboolture, exceptional tenanted freehold investments in the heart of Southeast Queensland's booming Northern Corridor for sale
This premium offering combines well established, blue-chip tenants in highly functional buildings and a strategic location in one of the most tightly held industrial markets in the region. With outstanding fundamentals and significant growth prospects, this set-and-forget investment is perfectly positioned to capitalise on one of the fastest growing population catchments in Australia.
The Property
-4,975m2* of freehold land across two titles
-1,705m2* of buildings across three tenancies
-$336,596 of annual net income
-Highly functional traffic flow with 4x crossovers
-Exclusive use car parking for all tenancies
-Extensive refurbishments including new air conditioning in recent years
The Tenants
The majority of the property is occupied by the Department of Traffic & Main Roads, serving as their primary customer service centre for over 20 years. More recently they expanded their offering into the adjoining tenancy to include an integrated driver training and vehicle inspection services. This centre provides up to 500 customers a day with in-person and vehicle specific services. With more than $600,000 in fit out invested by this government tenant to future proof their offering, their ongoing occupancy in this iconic tenancy seems assured.
Cesana is a well established, Australian owned shower screen and wardrobe provider. Their highly functional tenancy provides the rare combination of exclusive use car parking and truck loading in a sub-1,000m2 tenancy. This functionality, combined with the extremely tightly held local market, saw a vacancy period of zero days at the last tenant transition.
Reasons to Invest
-Chronic Supply Shortage
-Like many areas, Industrial land prices in Caboolture have soared in recent years. With no significant General Industry subdivisions planned between Caboolture and Brisbane in the next five years and infrastructure challenges limiting future developments, demand far -exceeds supply, ensuring sustained price growth.
Market Growth Potential
Caboolture West and the North Moreton Bay region is bracing itself for an influx of more than 100,000 new residents in the next twenty years. Local and national businesses are already haggling over limited industrial options in order to position themselves to capitalise on this booming region. This is further compounded by the businesses being forced out of the Brisbane industrial market as older properties are repurposed into higher valued mixed use precincts.
Replacement Costs
Existing properties like 2-4 & 6-8 Piper Street are becoming irreplaceable assets in a tightening market. Ballooning land and construction costs is giving existing buildings an unbeatable competitive advantage in the rental market and positions them to capitalise on rapid equity growth as new-build feasibilities demand higher and higher rents to be viable.
For additional information or access to the data room please contact exclusive marketing agents Chris Massie or Troy Sturgess.
*Approximate
