JLL is pleased to present to the market Brisbanes best character asset, located in the heart of Brisbanes most popular commercial location, Fortitude Valley. Offered to the market for the first time in nearly 20 years, this iconic office/retail building presents investors and occupiers alike with a truly rare proposition.
The key investment highlights are as follows;
2,573sqm* of irreplaceable character office split over two buildings
New five (5) year lease to The Little Pub Group over ground floor retail
Genuine repositioning opportunity, potential fully leased net income of $1,100,000pa*
1,539sqm of land unrestricted by heritage overlays and code assessable for development up to 15 storeys**
Comprehensive restoration completed in 2002 & 2008 converting Brisbanes Substation No.1 into quality creative office
Prominently positioned within the heart of Fortitude Valley and only 1.5km* fromBrisbanes CBD
5.0 star NABERS rating
*(Approx.)
**(STCA)
For further information or to arrange an inspection, please contact the exclusive marketing agents.