40 Johnson Rd 115,594 SF 100% Leased Industrial Building Hillcrest, QLD 4118 $12,896,055 ($111.56/SF)

An exceptional opportunity to acquire a prime large-format commercial investment featuring substantial income growth potential and redevelopment flexibility under its upgraded Mixed Commercial zoning. Commanding a strategic high-exposure position at Hillcrest, this property spans approximately 10,739 m² of building area on 4.1 acres of land, advantageous for future value-add initiatives.
Currently generating a net return of over $1,021,888 per annum (fully leased), the existing anchor tenant is paying as little as $58/m² net per annum—well below market—providing enormous upside on lease expiry when rents are adjusted to reflect current market conditions.
With zoning now permitting a wide range of commercial, retail, office, and industrial uses (excluding childcare), the site offers not only income scalability but also significant repositioning and redevelopment potential over the medium to long term. Its location amplifies investment appeal—adjacent to Queensland’s major logistics and retail hubs near Coles and Woolworths distribution centres, providing sustained tenant demand and economic resilience.
This is an unmatched opportunity to secure a blue-chip commercial holding in a high-growth corridor with strong underlying fundamentals and substantial income uplift forecast.