OFF MARKET

60 Grindle Road
Wacol QLD 4076

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 9020m2
Land area: 45220m2
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Property Details for 60 Grindle Rd, Wacol

Building Type
Commercial
Floor Size
9020m2
Land Size
45220m2
Local Government
Brisbane
Lot/Plan
28/RP826418

Last Listing description (November 2022)

Introducing 60 Grindle Road, Wacol, a 9.5 year Triple Net Lease to Vesco Foods, one of Australia's leading food manufacturers. Located approximately 15 radial kilometres south west of the Brisbane CBD with outstanding access to three major arterials this investment provides the following compelling features:

9.5 year WALE to Vesco Foods

Triple net lease structure
Current net income $1,480,072 per annum
Strong rental review structure - Annual CPI (min 3.5%)
Large 45,220m2* land holding provides expansion potential (STCA)
8,971m2* food preparation and distribution facility
Significant recent capital expenditure by tenant on building fit out
Outstanding access to the Ipswich Motorway, Logan Motorway and Centenary Highway
Well established national tenant occupying the site for approximately 15 years

*approximately
(STCA) subject to Council approval

This outstanding investment opportunity is being offered for sale via Expressions of Interest closing 4pm Wednesday 10th July 2019. For further information please contact the JLL exclusive marketing agents.

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Property History for 60 Grindle Rd, Wacol, QLD 4076

A timeline of how this property has performed in the market
Last Sold
$18,340,000
10 Sep 2019
  • 10 Sep 2019
    Sold for $18,340,000
  • 01 Nov 2018
    Listed for Sale EXPRESSIONS OF INTEREST
  • 31 Aug 2016
    Sold for $13,025,459
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About Wacol 4076

The size of Wacol is approximately 18.2 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Wacol in 2011 was 2,957 people. By 2016 the population was 3,774 showing a population growth of 27.6% in the area during that time. The predominant age group in Wacol is 20-29 years. Households in Wacol are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wacol work in a trades occupation. In 2011, 61.3% of the homes in Wacol were owner-occupied compared with 45.4% in 2016.

Wacol has 706 properties. Over the last 5 years, Houses in Wacol have seen a 143.88% increase in median value, while Units have seen a 46.67% increase. As at 31 October 2024:

  • The median value for Houses in Wacol is $700,198 while the median value for Units is $467,446.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Wacol on OnTheHouse. According to CoreLogic's data, 31 properties were sold in the past 12 months in Wacol.

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