Unique Opportunity offered for the first time in over 27 years.

The property is perfectly positioned within a key precinct that includes high density residential, commercial and entertainment uses. The property is currently improved with both commercial and residential tenancies and strong holding income with a 5.67% Net Return based on the list price.

The property is a free standing building built in 1929 on 653m2, is ideal to either Occupy, Invest or Re-develop STCA.  It situated within the Mixed Use 1 (Inner City) zone with potential for a long term development opportunity.

The site presents a fantastic opportunity for an astute investor or developer to acquire a premium site in a key location.  A potential site amalgamation with the neighbouring building is also currently available to enhance the development functionality and capability of this opportunity. 

A centrally located in the heart of the Urban Renewal Precinct, this property is an amazing opportunity positioned only 2km from the Brisbane CBD and only 11.1kms to Brisbane Airport. 

This building has 5 tenancies being 2x commercial tenancies positioned on the ground floor and 3x residential flats upstairs (comprising of 2x 2 bedroom flats and 1x 3 bedroom flat).

Information Memorandum available upon request.

Contact Mario Nagy on 0422 441 611 for more information.

 

Address 608 Wickham Street
Price $1,850,000+ Offers
Property Type commercial
Property ID 173
Category Retail, Showrooms/Bulky Goods, Other
Land Area 653 m2
Office Area 739m2

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Mario Nagy

0422 441 611
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