28 Lissner Street, TOOWONG QLD 4066
Expression of Interest
- PROPERTY DETAILS
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- Hotel / Leisure, Development / Land
- Floor area:
- 0 x Onsite parking
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- NABERS energy rating
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- 11 Oct 2016
Existing Hotel with excellent development upside
On behalf of the vendor, Colliers International has the exclusive pleasure to offer 24-28 Lissner Street, Toowong for sale via Expressions of Interest closing Wednesday 14th of September 2016 at 4:00pm AEST.
24-28 Lissner Street, Toowong represents an outstanding opportunity to secure a property with strong holding income and excellent upside through re-positioning and redevelopment.
The 2,108m² holding is located in the highly sought after Inner West suburb of Toowong and offers the following key characteristics:
- Located in the thriving Toowong Village precinct approximately 4 kilometres from the Brisbane CBD;
- Currently operating as the ‘Toowong Inn & Suites’ hotel which is 47 individually-titled apartments (over three storeys);
- Current net income is approximately $563,094 per annum;
- Improvements are suitable for re-position or redevelopment into hotel, residential apartments, retirement / aged care or student accommodation uses;
- Outstanding development site with potential for excellent Brisbane CBD & River views to the north and east;
- Site extends to 2,108m² on which you could build up to 8 storeys (Code Assessable). Potential for future upside with 20 storey height limit area adjacent across Lissner Street;
- Nearby to Wesley Hospital and associated medical uses; and
- Adjacent to a major shopping centre known as Toowong Village and within 100 metres of the Toowong Train Station.
For further information, please contact the exclusive agents on the details below.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
Expression of Interest Details
- Close Date:
- 14/09/2016 00:00:00
- Recipient Name:
- Neil Scanlan
- Delivery Address:
- 4:00pm AEST
28 Lissner Street TOOWONG