572 Brunswick Street New Farm QLD 4005

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