Investment
Status
Full
Purchase
Price
$4.05m
Date of
Purchase
Feb '21
Mar '21 Net
Distribution
8.00%
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 totalling 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 several well established and national hospitality tenants, 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), Pinkenba, Tuggerah, Crestmead, Paget (Emeco), Bohle, 22 Gateway Drive, Anton Road, 71 Industrial Drive, John Vella Drive, Maggiolo Drive, Mitchelmore, Roseneath, Formation Street, Crocodile Crescent, and East Brisbane.
Gallery
Location
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