RF Corval buys, leases Brisbane hardstand

RF Corval has purchased a Brisbane Trade Coast industrial investment and coordinated two tenants to take occupancy prior to settlement.

The $14.3 million deal for the 2.2 hectare hardstand site, 140 Anton Road, Hemmant, reflects a 6.15 per cent yield.

Of the asset, the buyer said there is a lack of local competition and strong demand fundamentals.

<a href=Brisbane hardstand, 140 Anton Road, Hemmant” class=”wp-image-32790″ srcset=”https://www.qldpropertyinvestor.com.au/wp-content/uploads/2022/08/Brisbane-hardstand-140-Anton-Road-Hemmant-1.jpg 630w, https://www.qldpropertyinvestor.com.au/wp-content/uploads/2022/08/Brisbane-hardstand-140-Anton-Road-Hemmant-1-300×273.jpg 300w, https://www.qldpropertyinvestor.com.au/wp-content/uploads/2022/08/Brisbane-hardstand-140-Anton-Road-Hemmant-1-150×136.jpg 150w” sizes=”(max-width: 630px) 100vw, 630px” title=”RF Corval buys, leases Brisbane hardstand 1″>
RF Corval said there is high demand and low supply for Trade Coast hardstand sites.

The incoming tenants are paying asking rent with almost zero incentives.

The fenced property will be fitted with CCTV prior to them moving in.

Power and water is available to site boundary.

Cushman & Wakefield’s David Gibson and Bevan Halloway brokered the sale and lease.

Their deal comes a year since Gateway Capital paid Centennial Logistics & Industrial $36.1m for a 6.55ha, 21 building industrial estate in the suburb.

Visy is also set to build a new project there, after in April offloading a riverfront West End warehouse to the state government for the 2032 Olympics International Broadcasting Centre.

Hemmant is 11 kilometres north east of Brisbane.

Article source: Queensland Property Investor