459-461 GOLDEN FOUR DRIVE, TUGUN QLD
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
Owned and managed by Goodman Property Group
When Super Amart decided to take to market the brief for a 42,000m²* distribution facility, Graham Norris had already spent two years building a relationship with the Supply Chain Manager and new the brief was imminent.
Graham was exclusively appointed to represent Super Amarts’ brief to the market and managed the selection process via a two phase system. This process which has proven so successful on many other occasions encourages developers to submit their proposals via and expressions of interest campaign before a short list is taken to formal tender.
Upon completion of the final round of negotiations with Goodman Group, Super Amart will be accommodated in a new facility which consolidates their operations from four outdated warehouses and will encompass new National Support Centre and a modernised warehouse operation. Included in the brief was an allowance for an additional 8,000m²* of expansion warehouse. This has already been taken up before the completion of the facility which is due in January 2017.
Key considerations for Super Amart when selecting Rochedale Motorway Estate and Goodman included:
– Retention of staff due to existing location
– Connectivity to major transport routes
– Goodmans ability to deliver within tight time frames
– Expansion capabilities
Super Amart will be joining Beaumont Tiles which relocated its 13,500m²* Queensland head office and distribution facility to the Estate earlier this year along with JFC Australia (JFC), a leading distributor of Japanese food in the Australian market, has committed to a 5,500m²*.
Lease Analysis* | |
Tenant: | Super Amart |
Gross floor area: | 42,000m²* plus 8,000m²* expansion |
Rental rate (net): | $110/m²** |
Lease term: | 15 years |
Lease options: | 15 years |
*Approximate | |
**Unconfirmed report |
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
Built upon the site is a two level commercial building with 8 car parks, originally purpose built by Commonwealth Bank…