Location:

33 , Longland Street, Newstead, QLD

Price:

Investment Available Now

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Trophy investment for sale - expressions of interest

Type: FOR SALE

Property Features
  • Category : Offices, Hotel/Leisure, Medical/Consulting
  • Land Area:1504 Square Metres
  • Building Area: 2951
  • Car Spaces: 31

Property Description
This landmark, historic, former Woolstore building is ideally located opposite the Gasworks precinct. It has a great vibe and a variety of tenancies and end of use facilities.

* 2,950sqm^ NLA across 3 levels
* Net passing income of $1,613,589^p.a. (as at 1 November, 2018)
* 1,504sqm^ land parcel commanding a dominant corner position
* Prized heritage listed asset
* Unrivaled reset costs with sub-10% incentives and consistently strong rental growth
* Multiple strategies available for further value creation including under-utilized existing area and current DA to further develop on surplus land
* Clear potential to increase current rental based on recent surrounding deals
* Diverse tenancy profile with majority of the income secured by a number of long standing tenants
* Ideally positioned in the heart of Brisbane's most desired mixed-use precinct directly opposite Gasworks & within 1.9km* of the Brisbane CBD
* NABERS Rating: 4.5 stars

Please call Your Commercial to arrange an inspection.
Property Agent

Advert Id:43260

Name:Your Commercial Sales and Leasing

Phone: 07 314****

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