Cushman & Wakefield is pleased to present 511 Nudgee Road, Hendra to the market for sale.
511 Nudgee Road represents a truly once-in-a-generation opportunity to acquire a 100% interest in one of Brisbane's most significant landholdings.
Key Features:
- 31,412sqm (3.14 ha) of General Industry B zoned land across four separate freehold titles
- Low site cover of 28%, delivering substantial latent development and intensification capacity
- Established infill position minutes from Brisbane Airport, the Gateway Motorway, Brisbane CBD and within The Australia TradeCoast precinct
- 8,907sqm of existing improvements comprising warehouse, showroom and office accommodation with extensive hardstand
- Net passing income of $1,429,700 pa with all leases recovering 100% of outgoings including state government land tax
- Assessed market rental of $3,152,695 pa, meaning passing income currently sits at 45% of market
- All three leases share a common expiry date of 30 June 2028
- Flood free
- Multiple pathways to value including re-leasing, staged development, site intensification, subdivision or owner occupation
The property is offered for sale in one line or as individual lots via Expressions of Interest closing Thursday 12 November at 3pm AEST.
All figures above are approximate only.
- Brisbane - North