The 13,162 m² industrial facility was constructed in 1998, and extended in 2008. The property is located at 806 Ungham Road, Bohle QLD in Townsville’s major industrial precinct.
Fully leased to Orora (ex Amcor) who have a market cap of $3.32 billion AUD, until 2032 with a break clause in 2020. Orora are a global ASX Listed company providing packaging products to the grocery, consumer goods and industrial markets. They have 40 manufacturing plants and 87 distribution sites across seven countries.
The tenant has invested $2.8 million over the last 2 years on machinery in the facility including a new ‘cutter’ with an estimated cost of $1 million. The property is core to Orora’s business – 1 of 2 cardboard manufacturing facilities in QLD servicing 6 depots in North QLD and Darwin and produces over 35 million square metres of cardboard annually used for packaging bananas, meat, sea-food, capsicums and tomatoes.
Situated on a 31,820 m2 corner site with substantial 230m frontage to Ingham Road with excellent access to the Bruce Highway.