509 Boundary Road, Richlands, Brisbane
This office / warehouse facility at 509 Boundary Road Richlands was acquired in September 2009.
The asset includes two freestanding industrial buildings with a combined Gross Lettable Area of 16,724sqm on a 38,720 sqm site within Richlands, approximately 14 radial kilometres south west of the Brisbane CBD. The Richlands industrial precinct enjoys excellent access to the Ipswich and Centenary Motorways.
Building One is a semi-modern office/factory/warehouse building with a GLA of 9,477sqm, apportioned as 432 sqm of office over a single level and 9,045sqm factory/warehouse.
Building Two is a model office/warehouse building with a GLA of 7,247sqm, apportioned as 558sqm of office over two levels and a 6,689sqm warehouse.
The property was sold in August 2021 providing investors an outstanding average annual return of 23.89% for twelve years.
Property Type
Industrial / Office
GLA
16,724 sqm