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45 Charlotte Street
Brisbane City QLD 4000
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CBRE Brisbane

45 Charlotte Street Brisbane City QLD 4000

  • Other
  • 1,835 m²
  • For Sale, Contact Agent

Majority stratum interest in one of Brisbane CBD's last remaining above-ground car parks

  • Majority stratum interest in car park
  • Rarely traded asset class
  • Genuine net income with growth potential

A unique alternative investment today & a key CBD development site in the future.

CBRE are pleased to exclusively offer to the market, Festival Car Park, located at 45 Charlotte Street, Brisbane CBD.

Investment highlights:
+ Majority interest for sale in one of the last remaining freestanding, above-ground CBD car parking facilities in one of the country's top-performing office and residential markets
+ Offered for sale are 422* secure car parks, including 377* individual bays managed by Care Park, 155 sqm of office/retail space and a further 45* bays leased to rental car operator Hertz.
+ Rarely traded asset class set to benefit from council planning controls on car parking ratios in future development.
+ Whole of Festival Car Park comprises an 1,835 sqm PC1 Principal Centre (City Centre) site with expansive mixed use development potential, allowing up to 274 metres in height (STCA)**.
+ Prized location at the doorstep of Brisbane's enormous investment pipeline and city-changing infrastructure, including the highly anticipated $3.6bn 'Queen's Wharf Brisbane' mixed-use development & 101 Albert Street office development.
+ Offered for sale with a lease to Hertz (expiring June 2025), and a management agreement to Care Park.

A 100% freehold stratum interest in Festival Car Park located at 45 Charlotte Street, Brisbane CBD is available for purchase via Expressions of Interest. Offers are to be submitted on or before Thursday, 18 July 2024 at 4.00pm (AEST).

* Noted no. bays, contained within Lots 1, 2, 28, 58 & 59 on BUP 13514, and Lot 401 on SP277490
** The ability to develop is for the whole of the building and would require consent of all owners

Property Highlights

Floor Area1,835 m²
Land Area1,835 m²
EnergyAsk Agent
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019310111
Category
Last updated  18 Jun 2024
Map for 45 Charlotte Street Brisbane City QLD 4000

Property Highlights

Floor Area1,835 m²
Land Area1,835 m²
EnergyAsk Agent
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019310111
Category
Last updated  18 Jun 2024

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