6-8 Geonic St, Woodridge QLD

6-8 Geonic Street, Woodridge provides strong distributions underpinned by a functional industrial facility in a key infill location.

The property’s location in an established and growing retail catchment, coupled with its ‘mixed-use’ zoning, offers long-term potential to reposition the property for retail and showroom users. Given the property was acquired on industrial land value metrics, the greater income producing potential of retail uses represents considerable upside.

ACQUISITION DATE

November 2021

PROPERTY TYPE

Industrial

GROSS LETTABLE AREA

3,632 sqm

SITE AREA

6,793 sqm

KEY CHARACTERISTICS

Functional Configuration: Comprising two separate buildings and a central yard, the property provides the manager the ability to lease to separate tenants if required.
Secure Income Stream: The property is 100% occupied by Service Body Manufacture, a wholly own subsidiary of an ASX listed company.
Replacement Costs: Acquired in line with replacement cost for the land and building.