478 Freeman Road Richlands QLD 4077

Knight Frank has great pleasure in offering the superb industrial facility at 478 Freeman Rd Richlands to the market, on behalf of ASX Listed ALS as a sale and leaseback opportunity.

This 9063sqm freestanding industrial building sits on 28 400sqm of industrial land (only 32% site cover) in arguably Brisbane's best industrial suburb. Richlands is a prime infill location with this asset surrounded by World Class brands like Coca Cola, Target, and Linfox. Neighbouring owners include DEXUS, Lend Lease and Charter Hall.

Key features:
Quality concrete tilt construction (9063sqm)
True core plus offering
Well-presented and recently refurbished office facility
8000sqm rear hardstand area future expansion and excellent truck movement
Full drive around access
Generic warehouse set up, with ALS specific internal components including dry storage, cold storage and lab areas.
Development upside: The hardstand to the rear of the site offers the opportunity to expand the current improvements.
Quality Tenant- ALS ASX Listed

Sale offering:

Sale structure: ALS are the vendor and the property is being sold on a leaseback basis.
Annual net income: $1 372 875 or $125 net per sqm on GFA and $30 per sqm on hardstand.
Annual increase: 3.5%
Term: 10 year initial term plus two further options of 5 years
EOI: For sale via expressions of interest closing Friday 8 November 4pm AEST
Outgoings: Triple net lease

This is being offered as a portfolio available in one line or on a piecemeal basis.