Office

608 Wickham Street, Fortitude Valley

608 Wickham Street Fortitude Valley, QLD Australia 4006
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area
Land Area ()

Property Description

JLL is pleased to exclusively present to the market 608 Wickham Street, Fortitude Valley – a rare freehold mixed use investment opportunity in the heart of the Fortitude Valley, QLD. 


The property is improved by modern showroom space and a fully appointed bar/venue space with commercial kitchen on the ground level as well as three spacious residential units on the first level.


Prominently positioned on a sizeable 653sqm* site, the property enjoys excellent exposure to one of Brisbane’s busiest thoroughfares. In addition, 608 Wickham Street is surrounded by the City’s most appealing retail, lifestyle and entertainment amenity, and is also well serviced via public transport ensuring the location will remain highly desirable into the future.


*Approximately

Investment Highlights

  • Freehold investment opportunity in prominent Fortitude Valley location
  • Net return of $93,300pa* + GST with significant rental reversion upside
  • Brand new four (4) year lease to café/bar operator with tenancy undergoing major refurbishment
  • Includes ground floor showroom/bar tenancies & three residential apartments on first floor
  • Benefit from secure passing income & income growth/upside in the future
  • Motivated vendor committed to sell prior to Christmas


Last Updated Date: 23 Nov 2020
Andrew Havig
Senior Executive, Capital Markets Transactions
Tim Jones
Director, Capital Markets

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Last Updated Date: 23 Nov 2020

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