RARELY AVAILABLE OFF- MARKET OFFER:
QUALITY FREEHOLD DEVELOPMENT OPPORTUNITY, IN A NO HEIGHT RESTRICTION* ZONE OF BRISBANE'S CBD WITH UNLIMITED FUTURE DEVELOPMENT POTENTIAL.
BRISBANE is powering into becoming one of the globes great cities, fuelled by a booming population and an unmatched "21st Century lifestyle."
Located in the heart of the Brisbane CBD, in the Legal Precinct, and near the law courts and the the new Queens Wharf entertainment precinct (see below) this modern 15 level A GRADE office building provides a good net rental return, and is in the no height restriction zone, making it also ideal to redevelop in the future into a new high rise tower as per this artists impression:
Plans are available for a proposed 533 hotel rooms and 292 apartments.
Boasting first class tenants, and great views with a functional fit out, the location is truly outstanding.
Price AUD$65 million
Net rental income May 2018 est $3,250,000
Yield on asking price 5%
Others now leasing $693,147
Total fully leased net income approx. $3,906,593
Net yield fully leased 6%
REGISTER BELOW FOR FULL DETAILS TO BE PROVIDED.
Get ready for Brisbane’s new entertainment and lifestyle precinct
A new world-class integrated resort development is being constructed that will put Brisbane on the map as a tourism, leisure and entertainment destination.
THE SITE IS APPROX. 1,316 sq. m (around 14,052 sq. feet) FREEHOLD land. No restriction on sale to foreign buyers. More photos, detailed plans, and lease summaries are provided after a Non-Disclosure Agreement has been signed.
REGISTER FOR BRISBANE DEVELOPMENT SITE
or call 25 25 5680 (Michael Bentley)
*High rise residential/office/hotel/serviced apartments permitted. SUBJECT TO CONTRACT.
Artists impression future hotel/residential tower: