Lot 8 62 Crockford Street, Northgate Qld – Return on Investment 65.71%

Location
5 munites to Brisbane’s International Airport

Category
Industrial Investment Project

Available
Leased before Completion

Retrun on Investment 
65.71%

For further information contact
Director – David Fielding
0414 891 462
david@castlepropertygroup.com.au

First Class, Brand New Tilt Panel Freestander

    • 1,312m2 Freestanding Office/Warehouse
    • LEASED BEFORE COMPLETION
    • Brisbane Airport location….

    The VISION – Castle Property Group and development partners PPD Qld Pty Ltd formed an investment group to undertake this superb freestanding speculative project:

    This project consisted of purchasing a vacant industrial land site, constructing a new speculative building and lease or selling it. The building comprised:

    – Brand new 1,312m2 office/warehouse
    – 2,000m2 secure site
    – Modern architectural design
    – Approximately 1,266 pallet storage capacity
    – 312m2 air conditioned offices over 2 levels
    – 1,000m2 column free warehouse
    – Minimum 8 metre warehouse clearance
    – Massive 8 metre wide roller shutter
    – Second roller shutter (3.5 metres wide)
    – Awning over roller shutters for all weather loading
    – 15 carparks, with 4 undercover
    – Landscaped and fenced grounds

    THE COMMITMENT – The project was leased before completion to ThyssenKrupp, a German owned $40 Billion company. Their commitment was:

    – 3+3 Year Lease
    – 6 month Bank Guarantee
    – Paying $221,252 plus GST and all Outgoings

    THE RESULTS – The project was held by the investment group as a long term play.

    – Project development length – 12 months
    – Total development costs – Available Upon Request
    – SOLD upon completion – $2,990,000
    Return on Investment – 65.71%. Annualised 65.71%

    This was a superb outcome and is a great indication of the ability of Castle Property Group to identify development project opportunities within the market, undertake and manage all facets of the project including the land purchase, financing, design, project management and the sales and leasing, to reach a very successful/profitable conclusion in a timely manner.

    If you are a sophisticated investor and would like to participate in one of our successful projects, please don’t hesitate to contact us at any time.

    All project figures and results are available upon request.