Landmark investment opportunity with holding income and upside, outlined as a priority development area due to massive demand in this Brisbane growth corridor.
Situated on a busy corner intersection of two main roads, this is a rare opportunity to acquire a well exposed commercial asset directly opposite Westfield Shopping Centre. This location benefits from exceptional visibility, heavy daily traffic flow commanding strong rental demand and capital growth.
Key Features:
- Solid 3 level building with a lettable area of 1817m2 situated on a 1,957m2 land holding
- Prime corner position opposite super regional shopping centre
- Principal Centre Zoning - High Rise possibilities (STCA)
- Multiple tenancies providing diversified income and reduced investment risk
- Strong and longstanding tenant mix including Brisbane City Council, Eye Specialist, Plastic Surgery, Accounting firm and more professional services with long leases
- Disability access
- 55 secure basement car spaces plus visitor access
- Rooftop digital advertising signboard enhancing income and visibility
- Elevated and flood free
- Approximate net income over $600,000 + outgoings + GST
- Earmarked for more than 15 storeys due to rapid growth in this part of Brisbane
- Potential to increase income with current tenants, add value with a development application, build or change the use class or reposition current configuration of the building