CBRE has the exclusive pleasure of presenting the opportunity to acquire a rare asset for the astute investor, owner-occupier or developer in a key inner city location within a thriving precinct. 236 Montague Road, West End.
The owner has purchased elsewhere and has given clear instructions to liquidate the asset. Do not miss this opportunity ? the property WILL BE SOLD!
236 Montague is situated in an exciting precinct and is serviced by an array of key public transport nodes and offers access to major arterials, as well as having the benefit of unprecedented improvement of surrounding infrastructure and extensive residential unit development.
In addition, under the South Brisbane Riverside Neighbourhood Plan, 236 Montague Road has the potential to accommodate a commercial, residential and retail mixed-use development over 5 storeys.
The property is currently owned and partially occupied by Property Direct International, with The Australian School of Meditation and Yoga occupying the ground floor retail tenancy. There are a number of outcomes obtainable to the incoming purchaser, with vacant possession or a leaseback structure available at the owners discretion.
Key characteristics of this offering include;
- High quality commercial/ retail offering in Prime Montague Road position;
- 688 sqm of NLA*;
- 556 sqm site area;
- Potential fully leased gross income: $230,000 p.a*
- 7 single bay car parks, in a precinct where this is a rarity;
- Long and successful tenant history of tenure on site;
- Proximity to Direct Infrastructure Investment; and
- Situated in Brisbane's most significant Urban Renewal precinct
There is the ability to build out from the first floor over the car park to quite easily add extra Gross Floor Area, approximately 340sqm. In addition, under the South Brisbane Riverside Neighbourhood Plan, there is the ability to build five (5) storeys with the ability to add approximately 2550sqm of gross floor area (STCA).
For further information, including all due diligence material required, please contact the exclusive marketing agents of CBRE at the below details. We look forward to assisting you with your investigations.
*Approximately
