2 Latrobe Terrace Paddington QLD 4064

Patona Property, on behalf of the Union Co-op of Paddington, is pleased to exclusively present for sale 2 Latrobe Terrace, Paddington. This landmark property offers a rare opportunity to acquire a substantial corner landholding in the highly sought-after inner-city suburb of Paddington.

Overview

An exceptional, unparalleled opportunity to occupy, invest or develop presented for the first time in nearly 60 years ~
One of Paddington's largest land holdings spanning across 1,822sqm
Medium house price of $1.93million for the suburb of Paddington with a 58% growth in four years
90m~ prime grade frontage within sight of 15,000 cars passing daily
Significant advantage provided from two street position via Given and Latrobe Terrace
Proximity to a vibrant mix of retail, dining and entertainment amenities including the iconic Paddington retail strip, Suncorp Stadium and Rosalie Village precinct
Well serviced by public transport including frequent bus services.

Value Add / Owner Occupation / Redevelopment Opportunity

1,100sqm~ of retail/medical/office improvements with access to 23x car parks.
Originally built as a Brisbane Cash and Carry and then operated as a retail store by the Union Co-op, this historic property currently comprises nine retail / commercial spaces, offering the incoming buyer the flexibility to either retain them as separate units or seamlessly amalgamate them into a larger, unified space.
Holding income with existing long term covenants including Biome, Dogstar & Disko Design and Yavanna with temporary leases.
Current DA approval in combination with the Union Co-op's 301 Given Terrace property in place for immediate redevelopment with potential for expansive views over the CBD & Mount Coot-tha.