Pinkenba Properties

26 Savage Street & 681 Curtin Avenue, Brisbane, QLD

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
Ownership interest 100% 100%
Cap rate N/A N/A
Valuation date June 2016 June 2016
Acquisition date January 2004 January 2004
Site area 23,490m2 19,410m2
Gross lettable area 5,859m2 4,745m2
Occupancy 100% 100%
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
Parking spaces 18 40
Valuation range $10-30 million combined