Suburb
Project Overview
Invest in prime position among businesses such as SAAB, Costco, Australian Pharmaceutical Industries, KSB Australia and many more.
Comprising a mix of light industrial work-stores and hi-tech office spaces designed specifically for local users and investors. These high-quality spaces are ideal for service industry, e-commerce and micro- distribution businesses and general small business use. Each unit ranges from 95sqm to 462sqm. The buildings will range from 7m to 8m high, constructed of tilt slab construction.
Street Entry View
Project Overview
Address
183 Hume Drive, Bundamba Qld 4304
Builder Prekaro
Developer B.P Wharton
Property Type
Commercial Lots
Number of Total Lots 50
Number of Stages 1
Expected Stage Completion
Construction has commenced – Completion anticipated September/ October 2025
NRAS Stock N/A
Price Range
Body Corporate
$455,000 - $1,925,000
$37.92p/w to $170.30p/w paid by the tenant
Expected Rental Return 6% + GST of the Purchase Price – Rental Guarantee for 12 Months
Rental Yields Above
Property Management Above
2 on-site Cafe/Food locations
Quick access to Major Arterials
Project Features
Exclusive use carparking & allocated visitor car parking
Easy access for & turning room for medium Rigid Vehicles
Bedrooms N/A
Bathrooms
1 Bath ( smaller units under 100m2 do not but are plumbed to incorporate a bathroom if desired)
Study Mezzanine Level Office
Kitchenette 1
Size Range 95m2 – 462m2
Car spaces
1 Car space
Furnished N/A
• High bay, clear span warehouse areas with minimum 7*m internal warehouse height
Property Features
Ample 3-Phase power available for every tenancy
Key Features
The DA Approved industrial zoned development comprises 50 highly sought after light industrial strata work stores with a mix of café, service industry and light industrial in the industrial blue-chip Brisbane and Ipswich corridor, in the suburb of Bundamba Brisbane/Ipswich.
The project is strongly positioned with:
• The land is settled and owned by B.P. Wharton.
• DA and BA Approved
• Project currently under construction with a Strong Builder engaged.
• On completion, Total gross floor area (GFA) of circa 8,789sqm (Ground and Mezzanine) on a 1.6 Ha (16,365sqm) site
• The land is located centrally within Citiswich
• Land size:16,365sqm
• The Southwestern Brisbane Ipswich Corridor is one of the fastest growing locations in Australia
• Each unit ranges from 95sqm to 462sqm
More Key Feautures:
• The buildings will range from 7m to 8m high, constructed of tilt slab construction
• Machine steel troweled burnished concrete, unsealed
• Insulated metal roofing
• Aluminium framed, colour powdercoated aluminium with tinted glass.
• Colorbond Painted Electric roller doors.
• Unit Entry Door - threshold sealed, hinged, key locked on system, as selected by designer
• All Paint is Premium Grade Paint, from reputable manufacturer
• Bathrooms and powder rooms - floor tiles or vinyl
Why invest in Commercial/ Industrial as opposed to Residential
Commercial tenants pay rent and 100% of outgoings on a property, meaning the rent return is a true NET return to investors
• There is a vast shortage of commercial strata spaces for service businesses in industrial and business growth corridors.
• Rents increase every year by 3-4% or CPI, whichever is greater, and are reviewed to market rates at the end of each term.
• The buildings are tilt slab construction with limited soft fit-out, making them easier to maintain
• Tenants must keep the premises in new condition (fair wear and tear allowed) and are required to refurbish the tenancy to its original standard at their own cost upon lease termination.
• Real net returns are at 6% per annum, increasing each year.
• Compared to residential investments, there is limited government regulation, which is typically subject to consumer protections, rental codes, and strict enforcement of tenants’ rights
• Constructed by a builder specializing in industrial projects, the development is known for its quality
• Smartstores@Citiswich is part of a rollout of smartstores projects across Australia, following the success of smartstores@metroplex.
• A pipeline of new projects is already secured in Queensland and New South Wales.
• Located in the Brisbane/Logan/Ipswich corridor, Smartstores@Citiswich is in the fastest-growing residential precinct in Australia, home to major new master-planned communities like Springfield and Forest Lake.
• This area has become the industrial and logistics headquarters for Queensland, hosting significant industrial developments
• As the only approved strata workstore project in Walker Corporation’s master-planned industrial district of Citiswich, it caters to smaller service businesses.
• Price points start in the mid $400,000 range, a rare offering in this growth corridor.
Why the Brisbane/ Logan/ Ipswich South Western Corridor
• Smartstores@Citiswich is being developed in the Brisbane/Logan/Ipswich, Southwestern Corridor already recognized as:
• The fastest growing residential precinct in Australia with some of Australia’s largest new residential master planned communities like Springfield and Forest Lake and others.
• The industrial and logistics headquarters for Queensland, now an economic powerhouse and engine room for Queensland’s booming economy, and is home to some of the largest industrial developments in the Southern Hemisphere.
• This corridor is already home to many of Australia’s largest business operators including:
• Australia Post Headquarters.
• Coles Queensland Headquarters Distribution;
• Volvo
• IVECO
• Coca-Cola
• Sealy Australia
• Primo Foods
• Komatsu
• Asahi
Why Smartstores at Citiswitch is better than other Commercial projects
The only strata workstore project in Walker Corporation’s master planned industrial and business district of Citiswich catering for smaller service business and industries. An undersupply of strata Workstores in the Ipswich region generally.
A carefully planned and designed blend of smaller spaces at lower price points to better suit investors and to better cater for smaller service businesses mixed with some larger spaces catering for larger operators and investors delivering a more dynamic corporate park.
Why Smartstores at Citiswitch is better than other commercial projects... cont’
• Smartstores@Citiswich incorporates a Food & Beverage and Showroom precinct that will be taken up by a signature anchor operator offering an area drawcard bringing business, and value to owners and tenants at Smartstores@Citiswich. This precinct will offer a signature Food & Beverage precinct like potentially a boutique craft brewery, distillery or similar.
• Container set down areas.
• MRV (Medium Rigid Vehicle) access and turning circles throughout the whole estate and for each unit.
• Designated Loading Bays for each unit.
• Multiple public EOT facilities for use by all tenants.
• Community EV charging points.
• A standard of design and quality unmatched in most commercial alternatives.
• 7m container height roller door to all tenancies.
• The land is located centrally within Citiswich, A master planned industrial community developed by Walker Corporation in Bundamba (https://www.citiswich.com.au/) which is a suburb of Ipswich City Council.
• This first released stage of Citiswich is already largely developed and home to major operators such as SAAB, Costco, Australian Pharmaceutical Industries, KSB Australia and many more.
• This is right near to the even larger Goodman Redbank Motorway Estate Project that is even bigger, fully sold out and largely developed. Refer Goodman project: https:// au.goodman.com/property-lease-site/redbank-motorway-estate.
• Smartstores@Citiswich land is the ONLY one left in Citiswich or the Goodman project proposed or best suited to smartstores or a corporate park.
• Smartstores@Citiswich is located beside a massive residential catchment area exceeding all growth estimates.
• Smartstores@Citiswich will be the major service center for businesses catering to the adjacent burgeoning industrial and residential precinct as there are no other similar centers developed or planned.
Owners outgoings VS Tenants Costs
The Tenant covers 100% of ALL Outgoings for the property. See below the breakdown of what is covered by the tenant.
“Outgoings” means the following charges levied or expenses payable in respect of the Premises, the Land or the Building (as the case requires)
• Rates and charges that a local government imposes, and levies collected by a local government on behalf of the State of Queensland.
• Insurance premiums (including building, fire, loss of rent, plate glass and public liability) payable by the Lessor.
• Land tax.
• Body Corporate fees and levies (including but not limited to Administrative Fund levies and Sinking Fund levies)
• The Costs of Managing and Operating the building and the lot/tenancy
• Repair and maintenance of the building
• Gardening and landscaping
• Provision and servicing of Air-conditioning to the building
• Cleaning the Building
• Pest Control
• Security Services
• Provision and Servicing of Fire Detection and extinguishing equipment
• Common Area Electricity
• Trade Waste
• Any other cost or outgoing associated with the lot.
The only cost to the Investor is:
• Any capital/structural repairs to the lot (which are covered under insurance)
• Any insurance they may wish to take out for loss of rent
• Any cost of servicing any debt/borrowing
• Any tax The tenant must maintain the premises in new condition (subject to normal wear and tear) and is obliged to carry out a full refurbishment on vacating the premises at their cost.
Developer Profile
B.P WHARTON
B.P. Wharton Group and its founders have delivered residential, retail, industrial and mixed use projects across Queensland, New South Wales and Victoria.
This experience has been across a myriad of projects and locations, including major residential resorts in Noosa Heads, Townsville and Airlie Beach; ownership and redevelopment of the Sheraton Mirage Gold Coast; large residential master-planned communities in Queensland and Melbourne.
B.P. Wharton have identified a exceptional opportunity in the Strata Light Industrial Space, securing and developing Strata Workstores or Corporate Business Parks.
Builder Profile
PREKARO
• 30 years of creating
• $80 million turnover
• We are enterprising
• Customer Focssed
• Asset owners
• Cost transparency & certainty
• Collaboration
Prekaro Projects directors, Jason Preston and Adam Robson collectively bring over 30 years of skill and experience ranging across all tiers of construction.
Prekaro Projects service Queensland, New South Wales, and Victoria, Prekaro Projects boast an annual turnover of more than $80 million per annum. They specialise in providing innovative business solutions and project management for any small to mid-size projects and developments. The diversification of the business allows them to act as a single source provider for a range of tailored integrated solutions, including Design, Construction and Project Management.
Prekaro offers complete transparency through tenders and cost certainty. They are renowned for delivering projects, on time, on budget with high attention to detail.
They can guarantee the end of their building will be the highest quality and the final costing will represent real value for money.
Regional Profile
QLD - The Sunny State
South East Queensland (SEQ) is a vibrant and diverse region loc ated on Australia’s eastern coast. It encompasses the state capital Bri sbane, the Gold Coast, and the Sunshine Coast, along with various other ur ban centers, picturesque coastal towns, and lush hinterlands. Renowned for i ts idyllic climate, SEQ enjoys a subtropical atmosphere with warm summers and mild winters, making it an attractive destination for tourists and residents alike.
Population of South-East Queensland
As of September 2021, the population of South East Queensland, Australia, was estimated to be around 3.6 million people. South East Queenslan d encompasses the major cities of Brisbane, Gold Coast, and the Sunshine Coas t, along with surrounding areas. It is one of the fastest-growing regions in Australia, driven by its attractive lifestyle, strong economy, and diverse opportuni ties. The region’s population growth has resulted in urban expansion, improved inf rastructure, and increased demand for housing and services. Additionally, th e area boasts beautiful beaches, national parks, and a vibrant cultural scene , making it a popular destination for both residents and tourists.
Population growth of South-East
Over the past few decades, South East Queensland, Australia, ha s experienced rapid population growth, becoming one of the country’s fastest- growing regions. This surge can be attributed to factors such as econom ic opportunities, urbanisation, and a desirable lifestyle. The area’s diverse job market, including industries like tourism, technology, and education, has attract ed domestic and international migrants seeking better prospects.
Additionally, the region’s pleasant climate, beautiful natural surroundings, and vibrant culture have been a significant draw for people looking to settle in the area.
Find out more about South-East Regional
Regional Profile
South East Queensland is becoming a world leading model in subtropic living...
Queensland is in the midst of an exciting period of change and growth. Throughout the state innovative new industries are emerging, the delivery of exciting urban renewal precincts and more and more people choosing to call Queensland home.
This growth is no more obvious than in South East Queensland (SEQ). In fact, by 2046 the population of SEQ is expected to have increased by 2.2 million people. In response to managing this growth sensibly and sustainably the Queensland State government has published the draft ‘Updated Shaping SEQ Plan’ 2023 to be finalised at the end of the year.
It seeks to promote the things that SEQ residents’ value like a connected region, affordable mixed housing options, protecting our natural environment and our unique lifestyle.
Major SEQ Infrastructure
Grow. Prosper. Connect. Sustain. Live
The Shaping SEQ 2023 Update addresses housing challenges while updating all themes to reflect planning outcomes and the latest policy work. The themes of Connect, Sustain, and Live are interdependent and promote sustainable and ecological outcomes in line with the preferred growth pattern outlined in Grow and Prosper. All themes work together to achieve the 50-year vision for SEQ. The Draft Shaping SEQ 2023 Update was developed in conjunction with the South East Queensland Infrastructure Supplement (SEQIS) and incorporates feedback from state agencies, local government, and industry. Key changes in the 2023 Draft Regional Plan are detailed below.
The following pages contain extracts from the Draft “Shaping SEQ Regional Plan Update 2023”. To download the full report please CLICK HERE.
Grow. Prosper. Connect. Sustain. Live
GROW
• Greater emphasis on consolidation, noting there is very limited unconstrained land remaining in SEQ for expansion.
• Introduction of ‘high amenity areas’ as areas to support increased density in the most appropriate locations across SEQ.
• Increased focus on, and support for achieving well designed ‘gentle density’ in our suburbs.
• Updated dwelling supply targets to reflect fit for purpose population, demographics and household projections.
• Focus on unlocking underutilised land in the Urban Footprint 1 Urban Footprint changes to enable expansion for housing and employment purposes where appropriate.
• Additional Potential Future Growth Areas (PFGAs) to bolster the long term options and supply pipeline.
• Legislative changes, initiatives and programs to support sequencing of development and improve implemenation assurance.
• New and focussed measures for monitoring and reporting to better inform implemenation and on going policy refinement.
• Retains the Regional Activity Centres Network (RACN) with renewed focus on the importance of flexibility in local planning.
• Strengthens the role of RECs as the locations of regionally and nationally significant economic activity.
• New regional approach to strategic industrial land.
• Strenthens planning and protection for Majoy Enterprise and Inudstrial Areas (MEIAs) across SEQ.
• Identifies possible locations for strategic Recycling Enterprise Precincts (REPs to help meet ambitious targets for recycling.
• Legislative changes, initiatives and programs to support implementation assurance.
• New and focused measures for monitoring and reporting to better inform implementation and ongoing policy refinement.
PROSPER CONNECT
• Updates the RSI list, identifying priority RSI needed to support SEQ’s growth to 2046.
• Strengthens focus on planning and delivering transport infrastructure than enables housing and employment growth in the right locations.
• Further promotes and supports active transport as a primary mode of travel.
Grow. Prosper. Connect. Sustain. Live
• Aligns growth with TMR’s Movement and Place Framework currently under development.
• Updates the strategic public transport system and strategic road and freight system to reflect changes in the network at 20461 Supported by new SEQIS to help deliver on key strategic priorities for the region.
• Supported by existing SEQ RTPs.
• New and focused measures for monitoring and reporting to better inform implementation and ongoing policy refinement.
SUSTAIN
• Continues to recognise First Nations peoples and their connection to Country.
• Aligns with Native Title determinations, Closing the Gap Implementation Plan actions, the Reconciliation Action Plan and Path to Treaty 1 Commits to ongoing engagement with Traditional Owners and the broader First Nations community across SEQ.
• Continues to protect and nurture SEQ’s biodiversity, natural assets and regional landscapes.
• Aligns with bioregional planning which replaces the strategic assessment committed to in Shaping SEQ 2017.
• Updated koala mapping and strategies that align with the SEQ Koala Conservation Strategy 2020-2025.
• New cadastral boundary for the Northern Inter Urban Break (NIUB) and strengthened outcomes sought for the NIUB.
• New strategies on resilience providing a clear pathway for managing risk in a regionally consistent way over time.
• New strategies to manage heatwave and urban heat island effect including new tree canopy targets for SEQ.
• Retains and enhances strategies to meet emission reduction targets set out in the Queensland Climate Action Plan.
• Advances circular economy principles at a regional scale.
• Strengthens the importance of design in place making.
• Refines strategies relating to health and wellbeing to better reflect new strategies and guidelines in effect since 2017.
• Refines strategies relating to fairness and affordable living.
• Updates the list of Great Places.
• New and focused measures for monitoring and reporting to better inform implementation and ongoing policy refinement.
Regional Plan Update 2023
As part of the draft Shaping SEQ 2023 Update, the Queensland Government has, for the first time, taken into account factors that affect housing supply beyond the planning system, such as land availability, development rates, financial feasibility, and the relationship between land use and infrastructure. This analysis has set a new national standard for evidence-based regional planning, and it has informed the growth pattern for SEQ up to 2046. The policy direction provided in the update is designed to meet the targets for dwelling supply, with a focus on realistic developability and best practices in regional planning.
These include having regard to meeting the dwelling supply targets in terms of:
SIZE - Accommodating future households in accordance with a preferred spatial pattern, limiting sprawl while still providing for growth across the region
SPEED - Having improved knowledge about barriers to growth so we can drive the required rate of housing delivery
MIX - Delivering the necessary diversity in housing types for new and changing households demographics to provide more affordable choices.
QLD Population growth 1984 to 2022
Recession flows from Victoria and NSW
Start of the early 2000’s resource boom
Skills shortages leads to overseas migration boom. Australlia 300k
COVID19 Pandemic
Crackdown on higher education visas and skills occupation lists
Christchurch earthquakes. Strong NZ economy and jobs growth
Sydney & Melbourne property price boom. FHB’s priced out of market
Regional Plan Update 2023
The Qld Government ShapingSEQ plan 2023, incorporating the 12 Local Government Areas below, categorises land in South East Queensland into three areas for efficient residential growth, economic agglomeration, and protection of natural assets. This plan sets a new national standard for evidence-based planning and provides policy direction for realistic development and regional planning best practices.
Size (ha): 92,103
Pop: 47,606
Dwell: 18,907
Size (ha): 308,591
Pop: 413,456
Dwell: 149,772
Size: (ha): 537,743
Pop: 25,733
Dwell: 9,066
Size (ha): 1,295,721
Pop: 178,590
Dwell: 45,859
Size (ha): 226,900
Pop: 42,663
Dwell: 14,142
Size (ha):109,385
Pop: 242,884
Dwell: 78,058
44,374
15,430
Size (ha): 204,147
Pop: 497,154
Dwell: 171,018
Size (ha): 134,271
Pop: 1,284,698
Dwell: 465,124
Size: 53,716 Pop: 163,866
Dwell: 58,756
Size (ha): 95,813
Pop: 363,301
Dwell: 112,653
Size (ha): 133,338
Pop: 647,824
Dwell: 228,913
Noosa
Sunshine Coast
Somerset
Moreton Bay
Lockyer Valley
Toowomba
Ipswich
Scenic Rim
Brisbane
Logan
Gold Coast
Redland
Shaping SEQ
The MULTI (Model for Urban Land Use and Transport) model integrates economics, transport, demographics, and land use planning to test growth scenarios across SEQ. It was developed through a partnership between the Department of Transport and Main Roads and DSDILGP, following the identified need for improved integrated land use and transport modelling in 2017.
Models housing demand, location choice and interactions with available housing supply as contained in local government planning schemes, considering infrastructure servicing across SEQ
• Provides a better understanding of supply pressures to inform decision making and policy actions bringing supply to market
•
• Reflects the land use benefits unlocked from major future planned transport infrastructure investment projects, such as Cross River Rail, Coomera Connector and Brisbane Metro, which will be used to support preliminary evaluations and business cases through Infrastructure Australia
Reflects an improved understanding of the dynamics of the housing market across the region in response to changes in accessibility, land use policy and transport outcomes
Informs the suitability, sizing, and potential future growth requirements for the Urban Footprint and dwelling supply targets
• Accounts for key transport connections needed to support growth across SEQ
Shaping SEQ
To improve policy implementation and refinement, each theme in the draft ShapingSEQ 2023 Update will be supported by new and focused monitoring measures. Transparent data will be utilized and acquired to track progress based on actual data rather than assumptions. Local government, industry, and stakeholders will work together to capture robust and tested information for a central evidence base that enables transparent and joint accountability.
Supply Factors
• Zoning
• Land suitability
• Ultimate development
• Development feasibility (financial feasibility model)
• Transport Infrastructure
• Realistic take-up rates
• Water/waste infrastructure provision (ability to service)
Demand Factors
• Household changes
• Dwelling type requirements
• Transport accessibility
• School catchments & ranking
• Location attractors
• Socioeconomic factors
Shaping SEQ 2017
Shaping SEQ 2023 Update
Shaping SEQ 2017
Shaping SEQ 2023 Update
The Need for Shaping SEQ
The Queensland Government and key stakeholders have long recognised the need for coordinated planning across SEQ to manage growth sustainably and ensure the region’s prosperity and liveability.
This is evident through the regional frameworks for growth management developed in the 1990s, and the statutory regional plans released in 2005, 2009 and 2017.
Growth has defined regional planning in SEQ and remains a significant challenge and opportunity to 2046, influencing housing, jobs, infrastructure, sustainability and the communities of SEQ.
Growth in SEQ has recovered strongly post the COVID-19 pandemic, driven by record levels of net interstate migration, and will continue to grow to almost six million people by 2046, which represents an increase of over 2.2 million people from 2021.
This growth is expected to be increasingly influenced by migration from interstate and overseas, with above-trend high growth expected to 2026, before returning to long-term trend levels by 2030-31.
At the same time, the demographic composition of SEQ will continue to change, with households increasingly becoming smaller. The changing nature of our growing population demands new policies and integrated responses across government, industry and community.
Building on the policy foundations of ShapingSEQ 2017, the draft ShapingSEQ 2023 Update focuses on five regional priorities that have emerged since 2017.
The draft ShapingSEQ 2023 Update sets clear direction for these priorities through updated goals, elements and strategies (from 2017) linked to an improved approach to implementation to drive meaningful change.
Regional Relationships
The Need for Shaping SEQ
As Queensland’s capital city region, SEQ has many strengths that position it for ongoing success as a prosperous, liveable and sustainable region.
SEQ is a critical economic powerhouse for the state, being a high performing regional economy, generating almost two-thirds of the state’s gross product. It supports more than 80 per cent of the state’s employment in professional, scientific and technical services, financial and insurance services, and the information, media and telecommunications sectors.
The draft Shaping SEQ 2023 Update takes an integrated approach to enabling ongoing economic prosperity for SEQ and Queensland, balancing productivity and liveability across the state.
It does this by acknowledging and utilising SEQ’s strong relationships across regional boundaries, with the surrounding areas of the Darling Downs, Wide Bay Burnett, the Tweed Coast and northern New South Wales.
These areas have unique social and economic linkages, which together with SEQ, present opportunities for supporting continued population growth and diverse employment market and energy solutions, as outlined in the Queensland Energy and Jobs Plan.
Building stronger connections between SEQ and surrounding regional areas through enhanced infrastructure networks is critical to the ongoing success of SEQ and Queensland. This regional plan therefore includes strategies in support of interregional passenger and freight movements, including an extensive freight network of major interstate rail and road connections.
These connections will enable access to more homes, employment and recreation and efficient movement of commodities, services and skills.
Ipswich LGA Profile
Our City of Ipswich is a key regional growth area in South-East Queensland that is growing and changing at a fast pace. The current population of Ipswich is approximately 253,000 people and is expected to grow to 535,000 by 2046.
The City of Ipswich is located in south-east Queensland, about 40 kilometres south-west of the Brisbane CBD. The City of Ipswich Community Profile provides demographic analysis for the City and smaller areas within it based on results from the 2021, 2016, 2011, 2006, 2001, 1996 and 1991 Censuses of Population and Housing. The profile is updated with population estimates when the Australian Bureau of Statistics (ABS) releases new figures.
Population Land Area
251,148
1,096
Population Density
229.2
The City of Ipswich’s Gross Regional Product is estimated at $13.73 billion, which represents 2.95% of the state’s GSP
Key Statistics $13.73 billion 251,148
GRP Population Local Jobs
93,189 Healthcare and social assistance
Largest Industry Local Businesses Employed Residences
12,382
122,465
Ipswich LGA Infrastructure
Ipswich is currently one of the fastest growing cities in Australia and has consistently been one of the fastest in Queensland for decades.
It is important to make sure that as our city grows, the necessary trunk infrastructure is delivered where and when it is needed and achieves value for money for our community.
The new planning scheme for Ipswich will set out the future vision for our council area over the next 20 years by considering the following themes.
Click here to read about the frameworks in place for the future plan of Ipswich
Ipswich Statistics
IPSWICH CITY COUNCIL
95* - 462*
LOCAL AUTHORITY
SQM SIZE RANGE
SC5 SPECIALISED CENTRE
(MIXED INDUSTRY & BUSINESS)
KEY FEATURES
ZONING
• 50 Architecturally designed high end quality units with excellent corporate appeal.
• 2 on-site Cafe/Food locations
• Opportunity to seize premium location in Citiswich Industrial Hub
• Broad range of units sizing to suit diverse users from 95sqm* to 462sqm*
• High bay, clear span warehouse areas with minimum 7*m internal warehouse height.
• Ample 3-phase power available for every tenancy
• Exclusive use carparking & allocated visitor carparking
• Prominent signage and branding opportunities
• Easy access for & turning too for medium Rigid Vehicles
• Quick access to major Arterials
• Ideal for small businesses, tradespersons, storage and corporate user
Ipswich Statistics
Why invest in commercial Real Estate?
STEADY CASH FLOW
• Commercial real estate investment ensures steady cash flow. It can yield income more steadily as compared to shares, stocks, and other bonds.
BUILD SUBSTANTIAL EQUITY
• Commercial real estate lets you build substantial equity quickly, with the steady and relatively high returns that commercial properties yield. You can also see significant benefits as the property appreciates in value.
PROVIDES EXCELLENT APRECIATION VALUE
• Commercial real estate provides excellent appreciation value. Proactive management and making cost-effective improvements can improve the desirability of the asset.
SECURE INVESTMENT
• Commercial real estate has a solid intrinsic value. Both the land and the structure have a value that makes a commercial property a hard asset.
Building Towards 2032
Brisbane has been chosen as the host city for the 2032 Olympic and Paralympic Games, showcasing the city's potential and opening up new opportunities for growth and development. The decision was reached through the combined efforts of all levels of government, and the Brisbane 2032 proposal is expected to generate $8.1 billion in benefits to Queensland. This includes a $4.6 billion economic boost to tourism and trade, as well as $3.5 billion in social improvements such as health, volunteering, and community benefits.
The city of Brisbane has been investing in various projects to ensure that it is fully equipped to host the world's largest sporting event. These initiatives include the Brisbane Metro, Green Bridges, and transforming Victoria Park. The council has a clear vision for the city, with a plan to sustainably manage growth, protect the environment, and promote tourism, industry, and businesses. The Games will provide a ‘green and gold’ runway to 2032 and a 10-year legacy beyond. The Council is committed to ensuring sustainable long-term outcomes that will benefit the city, both in the lead-up to and after the Games.
Brisbane is set to host 18 of the 37 Olympic and Paralympic competition venues, as well as the International Broadcast Centre, the Media Press Centre, and the Olympic and Paralympic Athletes Village. This historic event will put Brisbane on the map and create a legacy that aligns with the city's commitment to making it a better place for tomorrow. The Games will showcase the city's potential as a world-class destination for tourism, trade, and investment.
The Brisbane 2032 proposal has been widely supported by the community, with many recognising the benefits that the Games will bring to the city and the state. The event is expected to create thousands of jobs and provide a boost to the local economy. It will also provide opportunities for local businesses and entrepreneurs to showcase their products and services on the world stage.
In conclusion, the decision to award Brisbane the 2032 Olympic and Paralympic Games is a testament to the city's potential and the hard work of all levels of government. The Games will provide a platform for Brisbane to showcase its strengths and potential, and create a legacy that will benefit the city and its residents for years to come. The Brisbane 2032 proposal has opened up new opportunities for growth and development, and the council is committed to ensuring that the Games are delivered in a sustainable and responsible manner.
Suburb Profile
Bundamba, Queensland
Bundamba’s industrial precinct has thrived in recent years, becoming bustling hub of economic activity. This growth is attributed to its strategic location near major transportation routes, government incentives, and the availability of a skilled workforce, fostering the establishment of new businesses and a flourishing economic ecosystem.
In recent years, Bundamba’s industrial precinct has undergone substantial growth, becoming a dynamic center of economic vitality. This remarkable expansion can be attributed to several significant factors.
Firstly, Queensland’s largest industrial project Citiswich, positioned strategically in the logistics hub of Brisbane’ssouth-western corridor, offers a premium industrial estate spanning 350ha. This estate serves as a magnet for businesses in logistics, manufacturing, warehousing, distribution, construction, and wholesale retail, providing affordable and well-connected industrial land. The precinct’s proximity to major transportation routes has enticed businesses seeking efficient logistics and accessibility. Furthermore, Government initiatives and incentives have significantly fueled investment and development within the area, contributing to the precinct’s flourishing economic landscape.
Restaurant and cafe precinct
Suburb Profile
The size of Bundamba is approximately 11 square kilometres. It has 16 parks covering nearly 6.8% of total area. The population of Bundamba in 2011 was 5,402 people. By 2016 the population was 6,503 showing a population g rowth of 20.4% in the area during that time. The predominant age group in Bund amba is 20-29 years.
Households in Bundamba are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In gen eral, people in Bundamba work in a labourer occupation. In 2011, 62.7% of th e homes in Bundamba were owner-occupied compared with 53.3% in 2016.
An introduction to the project by B.P.WHARTON
B.P. Wharton have identified a exceptional opportunity in the S trata Light Industrial Space, securing and developing Strata Work stores or Corporate Business Parks.
B.P.W launched their first project in this space, smart stores@ metroplex in mid 2023, located in the Brisbane southwestern corridor at Wacol. T his project is 26 Workstores nearing completion and sellout over the next few mon ths.
Completion in November/December 2024
They have now commenced our second similar project, smartstores @citiswitch 50 Workstores & Café eateries. Located in the same southwestern Brisbane corridor at Ipswich.
This project is owned by BP. Wharton and has now commenced cons truction.
Location and Connectivity
The land is located centrally within Citiswich. A master planned industrial community developed by Walker Corporation in Bundamba which is a suburb of Ipswich City Council.
Distance to significant Locations:
Brisbane CBD: 34.3KM (45min drive)
Gold Coast: 89.1KM (66min drive)
Port of Brisbane: 56.5KM (50min drive)
Ipswich CBD: 8KM (11min drive)
Springfield Lakea: 22.8KM (19min drive)
Airport Via M7: 49.4KM (44min drive)
A map of Bundamba
Citiswich Business Park
To Toowoomba Warrego Highway
Dinmore Station
Bundamba Station
Ipswich Motorway
Cunningham Highway
To Brisbane
Ebbw Vale Station
Masterplan - SITE
Internal Images
Rental Appraisal
WAREHOUSE WITH MEZZANINE
These newly constructed units present a blend of warehouse and mezzanine space meticulously designed to meet the demands of modern businesses. Featuring mezzanine space tailored to facilitate efficient office operations, these units offer expansive room for administrative tasks while overlooking the warehouse environment. These units also provide businesses with 3-phase power and capped services for future fit out.
WAREHOUSE WITH MEZZANINE & INTERNAL AMENITIES
These newly constructed units present a blend of warehouse and mezzanine space meticulously designed to meet the demands of modern businesses. Featuring mezzanine space tailored to facilitate efficient office operations, these units offer expansive room for administrative tasks while overlooking the warehouse environment. With modern amenities including bathroom and kitchenette facilities seamlessly integrated, convenience and comfort are prioritized, ensuring an optimal workspace for your business needs. These units also provide businesses with 3-phase power.
Rental Appraisal
WAREHOUSE WITH MEZZANINE OFFICE FITOUT
These newly constructed units present a blend of warehouse and mezzanine space meticulously designed to meet the demands of modern businesses. Featuring an oversized mezzanine tailored to facilitate efficient office Operations, these units offer expansive room for administrative tasks while overlooking the warehouse environment. With modern amenities including bathroom and kitchenette facilities seamlessly integrated, convenience and comfort are prioritized, ensuring an optimal workspace for your business needs. These units also provide businesses with 3-phase power.
WAREHOUSE WITH MEZZANINE & INTERNAL AMENITIES WITH COMMUNAL END OF TRIP FACILITIES
These newly constructed units present a blend of warehouse and mezzanine space meticulously designed to meet the demands of modern businesses. Featuring mezzanine space tailored to facilitate efficient office operations, These units offer expansive room for administrative tasks while overlooking the warehouse environment. With modern amenities including bathroom and kitchenette facilities seamlessly integrated, convenience and comfort are prioritized, ensuring an optimal workspace for your business needs. These units offer access to shared end of trip facilities including showers, toilets, bike storage and change rooms. These units also provide businesses with 3- phase power.
Rental Appraisal
WAREHOUSE WITH MEZZANINE SPACE & COMMUNAL END OF TRIP FACILITIES
These newly constructed units present a blend of warehouse and mezzanine space meticulously designed to meet the demands of modern businesses. Featuring mezzanine space tailored to facilitate efficient office operations, these units offer expansive room for administrative tasks while overlooking the warehouse environment. These units offer access to shared end of trip facilities including showers, toilets, bike storage and change rooms. These units also provide businesses with 3-phase power and capped services.
Rental Appraisal
CAFE/FOOD & BEVERAGE OUTLET
These brand new cafe/food spaces provide an enticing opportunity for culinary entrepreneurs in a rapidly expanding suburb. Boasting state-of-theart mechanical ventilation systems and grease traps, these units are equipped to meet the standards of modern food service operations. Shared bathroom facilities are also provided for both the business and customers. With the growing population and bustling atmosphere of the suburb, these units offer a prime location to establish a thriving culinary business.
SHOWROOM TO LANEWAY
These newly constructed showrooms present a blend of warehouse and mezzanine space meticulously designed to meet the demands of modern businesses. Featuring mezzanine space tailored to facilitate efficient office operations, these units offer expansive room for administrative tasks while overlooking the warehouse environment. The showroom provides direct views/ access from the laneway and food locations. With modern amenities including bathroom and kitchenette facilities seamlessly integrated, convenience and comfort are prioritized, ensuring an optimal workspace for your business needs. These units also provide businesses with 3- phase power.
Schedule of Finishes
This Schedule to be read in conjunction with the drawings prepared.
The developer retains the right to reselect any product or colour at any time, to ensure supply and availability to complete construction.
Structure
• Internal pavement design to be suitable for 5.0KPa, 2.5t point load and 1.5t forklift grey broom or machine concrete finish
• Internal steelwork with a painted finish
• External steelwork with a HDG finish
• All mezzanines to be steel frame with red tongue flooring. 5Kpa load rating
Windows
• Glazing has been included to be Designed for Typical Wind Speed (S=1.0 kPa & U=2.0 kPa– 300PA Water)
• Glass has been included as 6.38mm grey laminated glass.
• All windows have been included as fixed 100mm center glazed aluminum framing.
• External glazed door frames have been included 45mm aluminum
• All framing included as Duratec powdercoat finish Zeus colour range
Electrical
• MSB to be located on external wall of unit A1 to Western end of building A.
• Connection to be made off new padmount transformer.
• All mezzanines to be cold shell base build. (LED batten lights only)
• LED downlights to wet areas
• Each tenancy will have a distribution board including three phase capability for future fit off.
• Highbay lighting Lux level LED
• LED downlights to be included to WCs
• 3 phase power to each roller door with isolator
• 1x double GPO next to each sub board
• 1x GPO to each bathroom (including PWD bathroom)
• 2x GPO’s to kitchenettes (where drawn) includes provision for hot water system
• Site entry points (including gates) are to be accessed with the proposed keyless access system; - Key Pads
Schedule of Finishes
Hydraulic
• Grease trap has been included to service B1, B2, C1 & D1 only with 1x floor waste provision ready for connection by others. Urban Utility application, cost and compliance by tenant
• Community amenities 2 & 3 have been included with PWD, Male WC & Female WC. Showers included to PWDs.
Internal Works
• Wet areas (where drawn) wall tiles have been included as 300mm skirting, 2000mm high to showers and 600mm high to hand basins
• Wet areas have been included with tiles floor finish.
• Kitchenettes have been included with 600mm high splash back
• Stairs to C1 & D1 have been included as polished timber with closed riser & timber stringer with aluminum powder coated CHS balustrade. All other units to be steel painted stringer with open riser & raw hardwood treads. Balustrades to be galvanized steel CHS balustrade.
• Joinery has been included as standard Laminex. Provision for drawer bank & under sink cupboard included.
• Units that do not have plumbing fixtures drawn on the plan, do have plumbing provision installed and capped at floor level or below. Future installation, cost and compliance by tenant.
• C1 & D1 mezzanines have been included with plasterboard wall to mezzanine edge only painted both sides. Recessed landing to top of the stairs with solid core door included. 3x internal windows have been included to mezzanine wall to each unit has been included as 2000mm x 2000mm. All other unit mezzanines to have steel galvanized CHS only
HWS
• Stebiel Instantaneous - single phase where no showers installed
Schedule of Finishes
External Works
• Palisade fencing 1800mm high has been included to Western boundary
• Northern & Eastern boundaries have been included as timber paling fence 1800mm high
• Crossover gates have been included as matching palisade fence with exit loop and motor
• Pedestrian gates have been included to the PWD access ramp as matching palisade fence.
• Roofing included as 0.42BMT zinc. Translucent roof sheet where shown.
• Anticon blanket included as 55mm
• Wheel stops have been included as 1650 x 160 x100 black & yellow rubber.
• Bollards have been included as surface mount 165mm dia x 1300 yellow – Total 3 included
• Sun hoods have been included as 45mm x 450mm wide aluminum fixed to tilt panel. Powder coat in Dulux Duratec Zeus range
• Roller shutters have been included as steel slat powder coat door with 3 phase motor and chain manual override. Cast iron wind lock clips & guides included with weather seals. We have allowed for 5000mm head height for all roller doors. Widths vary as drawn.
• Roller doors to units D3 - D8, E4 - E6 & F2 - F9 have been included as 4.5m wide in lieu of 3m
• Breezeway concrete to be exposed aggregate.
• Breezeway has been included as painted tilt panel with aluminum battens above B1 & B2.
• PWD entry ramp has been included as broomed finish concrete & aluminum powder coated CHS balustrade.
Painting
• All Paint is Premium Grade Paint, from reputable manufacturer.
• Painting to Lightweight walls to WC to Doors internally only.
Plumbing fittings - all basins, spas and toilet suites are white
Bathroom
• As shown on plans
• Escale - Vanity top
• Cascade Wall spout chrome
• Vantis Basin mixer - Pin Lever
• Vantis Shower mixer - Pin Lever
• 1 x Towel Ring per Vanity
• 1 x Toilet Roll Holder per Toilet
• 100mm Halo Square floor grate Cp
• Toilet Suite - Newport Cube Suite
• Cistern cock mini c/p
Depreciation Schedule
TBA
Disclaimer
This document does not constitute an offer or contract of sale. It is intended only as a guide and an aid to further investigation by potentia l buyers. Potential buyers accept this document on the condition that they will mak e their own enquiries and obtain their own independent advice in order to verify the accuracy of the information presented in this document. The content of t his document has been derived, in part, from a number of sources and may be based on assumptions. In passing this information on, the provider does not warrant that such information or assumptions are accurate or correct. Partie s should seek their own independent verifications and advice on such informat ion.
To the extent that this document includes any statement as to a future matter, that statement is provided as an estimate and/or opinion based upon the information at the date of preparing this document and assumpti ons which may be correct. The provider of the document does not warrant that such statements are or will be accurate or correct. The provider provides this document on the condition that, subject to any statutory limitation on its abil ity to do so, the provider disclaims liability under any cause of action includin g negligence for any loss arising from reliance upon this document. This confidentia l document is for the sole use of persons directly provided with it.
Use by, or reliance upon this document by any other person is n ot authorised by without limitation to the above disclaimers, and is not liable for any loss arising from such unauthorised use or reliance.
GST Disclaimer
The provider advises that the financial information in this rep ort, relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessm ent of the impact of GST on the investments and opportunity returns derive d there from after obtaining expert professional advice.
Confidentiality
The information contained in this document is provided on the b asis that it is strictly private and confidential.