168 Knapp Street, Fortitude Valley, Brisbane Qld represents a rare opportunity for investors to purchase a fully leased freehold commercial property just 1.5 kilometres* from the Brisbane CBD in one of Brisbane's most exciting commercial and lifestyle precincts.
- Positioned in a major growth corridor and within walking distance to some of the best retail and lifestyle amenity in Brisbane: Gasworks (250 metres*); Emporium (200 metres*); James Street Precinct (500 metres*); and Brisbane Showgrounds Precinct (500 metres*).
- Situated next to 'Homemaker The Valley' centre which includes a Goodlife Health Club, Green Bean Coffee, Café 63, and ALDI Supermarket.
- Short walk to both Fortitude Valley and Bowen Hills Train Stations - 2 of only 4 stations in Brisbane servicing all lines in the network.
- Land Area - 344m²*.
- Two Street Frontages - Knapp Street and Hynes Street.
- Building Area - 398m²* office accommodation over two levels.
- Energy efficient building - 57 solar panels on roof and PV inverter.
- Car Parking - 8 bays on-site accessed via Hynes Street.
- 100% leased to Salter Brothers - a global fund manager with a focus on specialist property, credit and private equity operating across Australia and USA. Group Assets Under Management of over AUD$3 Billion*.
- 5 year lease (expiring 18 April 2028) with options to 18 April 2033.
- Net Passing Income - $250,000 per annum with fixed annual increases of 3%.
- Outstanding rent rebate ($50k p.a.) will be adjusted for at settlement.
- Tenant responsible for all statutory and operational outgoings costs, including land tax.
- Zoned LMR2 - Low-medium density residential (2 or 3 storey mix).
- No flood inundation in past flood events.
- Huge potential for future development and capital growth in a booming precinct.
For Sale via Expressions of Interest
Closing Thursday, 21 September 2023 at 3pm (AEST)
*Approx.
Image outlines indicative only.
