Stonebridge National Investment Sales is pleased to present to the market, Bridgestone Pinkenba (Brisbane), for sale via National Portfolio Auction.
The asset has the following key investment features:
- Renewed 5 year corporate net lease to 2027 + option to 2032
- Bridgestone Australia Ltd. – Wholly owned subsidiary of Tokyo Listed Bridgestone Corporation with 300+ locations nationwide. Market Cap. $44.4 bn*
- Significant 4,044 sqm* site within tightly held logistics precinct, offering development upside via 700 sqm* of surplus land
- Longstanding Bridgestone Service Centre, established 15+ years
- Specialist, purpose-built tyre & service centre featuring the latest equipment and technology for heavy vehicles, trucks and buses
- Strong performing Bridgestone location benefitting from a highly strategic position within one of Australia’s most important logistics precincts, known as ‘Australia TradeCoast’
- ‘Australia TradeCoast’ – Brisbane’s global export hub offering unrivalled access to Rail, Port, Airport and major arterials
- Only 8.5 km* from Brisbane CBD with direct access to Kingsford Smith Drive and Gateway Motorway
- Brisbane’s second largest business & industry precinct after the CBD with $2.5 bn+* in recent and planned development & infrastructure
- Pinkenba – Prime logistics destination, integral to Brisbane’s supply chains, home to major occupiers including Australia Post, Amazon and DHL
- Net Lease – Tenant pays outgoings including Land Tax
- Annual rent increases in line with CPI (min. 2%, max 4%)
- Net Income $169,733 pa* + GST
The Investment is for sale by way of Stonebridge National Portfolio Auction on Tuesday 5th July, commencing at 11am. The Auction will be held at Sofitel Sydney Wentworth’s ‘Hobart Room’, located on Level 2, 61-101 Phillip Street, Sydney NSW.
Prospective purchasers & interested parties will have access to remote bidding facilities in Brisbane & Melbourne, as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.
Please contact the exclusively appointed Stonebridge property professionals for more information.