RWC Retail are proud to present 572 Brunswick Street, New Farm QLD for sale via Auction. The Auction will be held on Friday 1st November 2024, 9:45am (AEST) at Level 26, 111 Eagle Street, Brisbane City.
|What|
• A once-in-a-generation opportunity to occupy, invest or develop an iconic property located on the doorstep of the Brisbane CBD
• A freestanding 1,359sqm* building being offered vacant possession as at 30/11/2024
• Ideally suited to owner-occupiers with 28 on-site car parks, outbound positioning and dual-street access
• Head lease since 2004, to IGA Marketplace with three sub-tenants (Architect, Coffee Shop, Gym) and almost 500sqm* of lower-ground storage
• Mixed-use development upside, currently zoned up to 4 storeys
• Holding Net Income of $339,268 + GST p.a. (until 30/11/2024)
|Where|
• A 2,156sqm* corner land parcel, just 500m* from the Brisbane CBD
• Major exposure to almost 200,000 vehicles weekly
• Surrounded by Brisbane's most popular entertainment precincts including Howard Smith Wharves and James Street
• New Farm, presently ranked as Brisbane's 3rd most expensive suburb with a median house price of $2.7 million
|Why|
• Immediate rental upside potential, with the base rent remaining unchanged for 10 years at only $250/sqm*
• A proven track record, with the property being fully leased for 19 of the previous 20 years
• A level of convenience rarely seen this close to the CBD making the property ideally suited to supermarket, retail or healthcare operators
• One of the most iconic properties in Brisbane, with a rich heritage dating back over 100 years
