Investment
Status
Sold
Sale
Price
$5.50M
Date of
Sale
Nov '24
Internal Rate
of Return*
11.49%
Term
2 yrs 8 mnths
About Sentinel Industrial Trust
The subject property has dual street frontage, situated at 187 Wellington Road and 50-52 Manilla Street, East Brisbane, QLD, 4169. It comprises of a 1,046sqm building area, on three regular shaped allotments totaling 1,503sqm. It is located on the cusp of East Brisbane & Kangaroo Point, only 1.5km from the Brisbane CBD and within close proximity to the Cross River Rail project. Zoned as mixed use land, the site has an 8 level code assessable development potential.
The property has been improved with mixed-use office/warehouse/commercial kitchens. It is currently fully leased by Grey Street Hospitality Pty Ltd, which includes several well-established and national hospitality eateries, such as Pig ‘n’ Whistle, Milano, The Charming Squire, and Jimmy’s on the Mall.
The Industrial Trust is an open ended Pooled Trust compromising of Mayfield, Paget (Sandvik), Tuggerah, Paget (Emeco), Bohle, 22 Gateway Drive, Anton Road, 71 Industrial Drive, John Vella Drive, Maggiolo Drive, Mitchelmore, Roseneath, Formation Street, Crocodile Crescent, Gardner Court, Wulguru, Paget (Enterprise Street), 27-45, 52 Len Shield Street, Paget, and Ron McLean Drive.
Gallery
Location
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