25 & 27 Warner Street Fortitude Valley QLD 4006

Colliers, under instructions from Worrells Solvency and Forensic Accountants, is pleased to offer two (2) outstanding freehold investments in one of Brisbane's strongest performing commercial precincts.

The combined net income is in excess of $508,370* p.a. plus GST and lease expiries across both assets are co-terminus at 31 July 2026 with each tenant having a 5 year option. These stunning heritage buildings have been repurposed as entertainment facilities and offer a combined 1,473sqm* of site area with 39m* of frontage and a 10-storey development height limit (STCA).

25 & 27 Warner Street, Fortitude Valley are offered for sale individually via consecutive Public Auctions on Thursday 16 September 2021, 11am (AEST).

The key investment highlights of these opportunities are as follows:

25 Warner Street:
Tenants: Holey Moley Australia Pty Ltd (Funlab & TPG Capital) & The Brightside Brisbane Pty Ltd
Gross Floor Area: 514sqm*
Site area: 993sqm*
Current net income: $295,365 p.a. plus GST*
4.92 year WALE by income (as at 1 September 2021)

27 Warner Street:
Tenant: The Brightside Brisbane Pty Ltd
Building footprint area: 330sqm*
Site area: 480sqm*
Current net income: $213,004 p.a. plus GST*
4.92 year WALE by income (as at 1 September 2021)

25 Warner Street is anchored by international covenant Funlab, a leading hospitality-driven entertainment organisation wholly owned by private equity powerhouse, TPG Capital with over $90bn* assets under management.

27 Warner Street is tenanted by The Brightside Brisbane Pty Ltd being a live music venue boasting an indoor and unique outdoor stage with a capacity of 800* patrons. The business has been owned and operated by The Happy Horsemen Group for 7 years, who also own 6 other food, beverage and entertainment establishments across the country. The venue has hosted hundreds of local, national and international bands and is a vital player in Brisbane's live music scene

Please contact the exclusive agents below for a copy of the Information Memorandum or to arrange an inspection.

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