IPSWICH QLD 4305
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- 13 Aug 2016
CBD & Medical Precinct
- 100 metres to the Ipswich General Hospital
- 350 metres to St Andrews Private Hospital
- 550 metres to Ipswich Court House
- Current Legal Practise to stay on as tenant
- 178m2 (approx) lettable area
- 731m2 land area
- Zoned PC - CBD Primary Use
- On site parking
This commercial building has the present firm of Solicitors in place for the past 40 years. The existing legal tenant would like to stay on and is prepared to start a new lease with the successful purchaser, terms and conditions to be negotiated.
The property is located in a prominent position on the CBD edge and only metres from both the public and private Hospitals, there is a large medical and specialist Centre including a day surgery as its immediate neighbour. The Court House is a short walk from this property and all the City amenities and facilities are within an easy reach.
The worker's cottage is mostly original right down to gas fittings, it is circa early 1860's. There has been a modern two story brick extension attached to the worker's cottage some years ago which has extended the lettable area and adding extra rooms with lower ground rear access. The extension was added around 1985 and would easily accommodate 3 offices.
The council has no heritage listing or interest over this property so future development of this site may be a possibility with approvals.
If you're looking for a solid investment with an excellent tenant and the possibility of value adding over time then this may be just what you're looking for.
Property Code: 1437
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