Colliers is pleased to present to the market a prime Olympic Precinct investment property located at 11-13 Lotus Street in Woolloongabba via an Expression of Interest process. The Lotus Street Collection offers an astute investor the opportunity to acquire a large freehold land parcel in Brisbane's high density growth hotspot underpinned by a strong income profile from four established businesses.
Woolloongabba is rapidly transforming itself into Brisbane's second CBD, with the introduction of the Cross River Rail providing the vital piece of transportation infrastructure that will drive growth well into the future. The recent declaration of the Woolloongabba Priority Development Area, which includes all of Lotus Street, sets a clear path to the intensification of well managed development in this precinct.
Driven by a combination of strong overseas and interstate population growth with record private and State investment The Gabba, known as the home of Test Cricket and the AFL, is creating a home for a new form of urban lifestyle and high density living. By acquiring this property the new owners will secure their stake in this bright future.
The key attributes of this investment opportunity include:
• Rare opportunity to acquire a fully leased Woolloongabba property
• 1,015m² inner city freehold land parcel
• 2 renovated office warehouse buildings with 1,002m² GFA on 2 lots
• $196,233 net income from 4 tenants with prospect to improve
• High Density Residential zoned land within Woolloongabba Priority Development Area
• Proximity to the established lifestyle, retail and commercial centres
The period for submitting Expressions of Interest closes at 4pm on Thursday 28 November 2024. Please contact the exclusive agent below for a confidential discussion about the property, to receive the Information Memorandum and to gain access to the Due Diligence material.
