Colliers, as exclusive selling agents, are pleased to offer the Triple Strength Portfolio, to the market for sale, inclusive of the below three exceptional properties:
- 79-85 Commercial Avenue, Townsville QLD
- 8 Merchant Street, Mackay QLD
- 79 Dozer Drive, Mackay QLD
Underpinned by secure leases to exceptional blue-chip tenant covenants, the portfolio provides the following captivating investment characteristics:
- Three state-of-the-art, modern, distribution and manufacturing facilities providing 12,283m² of high-quality logistics improvements.
- Secure portfolio WALE (by income) of 8.4-years underpinned by blue-chip tenant covenants in The State of Queensland, Mainfreight, and Vulcan Steel, providing a secure and stable cashflow.
- Highly favourable lease structure, providing a secure and stable cashflow with accretive returns.
- Significant portfolio net passing income of $2,188,193 ($178/m²) per annum, slightly below the assessed net market income of $2,629,125 ($214/m²) per annum.
- Defensive CPI-linked rental review structures supporting strong cash flow performance.
- Exceptionally rare 100% Queensland industrial offering, located within Australia's fastest growing market, supported by strong population growth currently at its highest level since 2009, up 2.2% over the past 12 months.
- Strategically located within the Townsville and Mackay industrial precincts with prominent street frontages and key arterial access.
All figures are approximate as at 31 October 2024.
The Triple Strength Portfolio is offered for sale individually, grouped, or in one-line via an Expressions of Interest (EOI) Campaign closing 4:00 pm (AEST) Wednesday, 11th September 2024.
Should you require any further information or have any inquiries, please do not hesitate to contact the exclusive Colliers selling agents.
