Wacol Industrial Property Trust
The Wacol Industrial Property Trust (the Trust) was established to acquire a modern industrial building which is located at 3676 Ipswich Road, Wacol. The industrial suburb of Wacol is approximately 17km south-west of Brisbane’s CBD and has direct access to major arterial roads such as the Ipswich and Logan motorways.
The warehouse was built in late 2008 and was acquired at a significant discount to replacement cost. The office area covers some 1,144 square metres with the warehouse comprising some 12,219 square metres. The roof of this property is steel framed and offers a minimum height of approximately 10 metres at the eaves. The building is set on a reinforced concrete floor and entry is provided by roller shutter doors which are 6 metres. Undercover car parking is provided under the first floor office area.
The property is currently on a long term lease to Western Star Trucks Australia Pty Ltd www.westernstar.com.au
The Trust was established with the objective of providing investors with an attractive yield and the potential for capital growth in the medium to long term.