5 Morse Street Newstead QLD 4006

Baker Property is pleased to offer 5 Morse Street, Newstead to the market for sale via Expressions of Interest.

The property provides a unique opportunity to secure a freestanding character style building adjoining parkland with flexible mixed-use zoning, attractive holding income and is located within the iconic James Street Precinct.

Highlights of the property include:

515sqm* freestanding building over two levels
Great internal height and natural light throughout
405sqm* inner-city land located within the James Street Precinct
Adjoining Morse Street Park and provides direct access to James Street
Flexible mixed-use zoning and suitable for a range of users
Development potential for up to 4 storeys (STCA)
Currently leased to the same tenant for over 9 years
12-month bank guarantee in place
Net passing income $224,283* per annum
Options include (at lease expiry) to occupy, re-lease. reposition or redevelop
Located only 2km* to the Brisbane CBD
Close to public transport, mix of retail, dining and entertainment offerings
*approximate

This rare highly sort after opportunity is for sale via Expressions of Interest closing 4pm, Wednesday 7 May 2025 (if not sold prior).

For further information or to arrange an inspection contact the exclusive agents Baker Property.