Underwood is our newest QLD acquisition encompassing 10Ha of developable land located
20km south of the Brisbane CBD. Located at 1677 Beenleigh Road, Underwood QLD is a
mixed-use development incorporating hotel, medical, residential, retirement and commercial
property development. The site is conveniently located adjacent to an established shopping
and dining precinct, high-quality public and private schools, transport and 3 minutes-drive
from the M1 motorway connecting Brisbane to the Gold Coast.
A distribution facility currently sits on the site and was purpose built by and is currently
tenanted by Australia Post. Australia Post will relocate to a new purpose-built facility in April
2020. Construction of the proposed community is expected to commence after the long-term
lease contract ends.