PROMINENT WOOLLOONGABBA CORNER HOLDING - INVEST, OCCUPY or DEVELOP!

Elders Commercial Brisbane and Ray White are pleased to present to the market 727 Stanley Street & 3 - 5 Reid Street Woolloongabba.

This elevated, multi tenanted investment over 2 separate buildings boasts a net return of circa $419,000 per annum with potential to substantially increase return due to the rental at 3-5 Reid Street believed to be below market levels.

The combined building area of approx. 1,555m2 is spread across 10 separate tenancies and is complemented by excellent on-site car parking provisions. The existing improvements provide flexibility for Owner Occupiers to occupy areas from 51m2 to 209m2, whilst collecting strong rent from the remainder of the buildings.

The properties are located less than 3km from the CBD and within walking distance of the Logan Road cafe and retail precinct, The Woolloongabba Busway and the proposed Woolloongabba Train Station.

The total land area of 1,955m2 has potential for code assessable development of 3 - 6 levels under the local plan, presenting as an opportunity for developers to create a landmark residential/mixed use project on this prominent corner site in the medium-long term.

Very seldom do commercial buildings as such with exceptional future development potential surface to the open market within the inner-city hotspot of Woolloongabba.

We strongly encourage all serious parties to enquire with the exclusive marketing Agents today!