Pinkenba is located approximately 10 kilometres from the Brisbane CBD, close to Brisbane Airport, port and rail facilities and major roads.
26 Savage Street has a long-term land lease where annual rental is equal to 8.0% of the land value which is reviewed every three years. Ownership of the improvements lie with the tenant, but revert to Abacus if not removed at the end of the lease term.
681 Curtin Avenue has a net lease structure until Feb 2017 with annual CPI or 3.5% fixed increases.
|26 Savage Street||681 Curtin Avenue|
|Valuation date||June 2016||June 2016|
|Acquisition date||January 2004||January 2004|
|Gross lettable area||5,859m2||4,745m2|
|WALE by income||3.1 years||0.7 years|
|Rent review stucture||Every 3 years||Fixed|
|Major tenants by income||Hi-Fert Pty Ltd||Saint-Gobain Ceramic Materials|
|Valuation range||$10-30 million combined|