72 Formation Street,
Wacol, QLD 4076

Warehouse, Factory & Industrial • Offices

Price information

Sold

$16,100,000

Key property information

Land area

Floor area

Property extent

Zoning

Tenure type

Sold on

CBRE - Brisbane

Waterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000

72 Formation Street

Wacol, QLD 4076

Map of 72 Formation Street

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INVESTMENT SALE - MULTI-NATIONAL TENANT

9,704sqm Office & warehouse facility
18,900sqm General Industry C (IN3)
Leased to multi-national tenant

CG Property and CBRE are pleased to offer 72 Formation Street, Wacol, to the market for sale via Expressions of Interest.

Features of the property include:
- 9,704 sqm* office & warehouse facility
- 18,910 sqm* General Industry C landholding
- Fully leased to long-standing occupier Penske Commercial Vehicles Pty Ltd
- Tenant occupies multiple adjoining sites
- WALE of 4.3 years (as at 1 May 2021)
- Net passing income of $1,381,498 per annum
- Further 5-year option
*Approx.

The property is located in the highly sought-after Western Corridor. The site is approx. 20 minutes from the Brisbane CBD offers excellent access to major arterials, including the Ipswich, Logan, and Centenary Motorways.

For sale via Expressions of Interest closing Thursday 6th May 2021. AEST

For further details or to arrange an inspection, please contact the Exclusive Agents.

Property ID: 503798678Last Updated: 26 Apr 2022

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CBRE - Brisbane

Waterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000