This article is from the Australian Property Journal archive
A KEY corner property in Brisbane’s burgeoning inner suburb of Fortitude Valley is being offered to the market with hopes of fetching more than $15 million.
The 354 Brunswick Street property covers 871sqm with frontages to both Brunswick and Ann Streets, and comprises a 1,573sqm building that has been leased and restored since being acquired by the local vendors in 2000. It is the only of the four buildings at the intersection unaffected by heritage restrictions.
Savills agents Peter Chapple and Jack Morrison are marketing the property.
Morrison said the asset generates over 75% of its income from the ideally located retailers who have positioned their business on the ground floor of one of Brisbane’s only, genuine 24-hour trading buildings.
It is occupied by Universal Store, Beach Burrito, Brathaus, and Savile Row; the newest venture from the team behind award-winning whiskey bar Cobbler in the West End, and has two levels of fully occupied office space.
“The opportunity to secure a property like 354 Brunswick Street, which enjoys an unparalleled prime location on a premier corner at the top of Brunswick Street Mall, and combines low site coverage and future development potential with an excellent mix of retail and commercial tenants, is unmissable for anyone seeking marquee Brisbane property,” Morrison said.
Australian Property Journal
