70 Little Edward Street_Property for Sale

70 Little Edward Street, Spring Hill, QLD, 4000, AU

70 Little Edward Street

Asset description

JLL are pleased to present for sale Spring Market Place, a rare and prestigious, inner-city neighbourhood offering – positioned on the fringe of Brisbane’s CBD in the auspicious suburb of Spring Hill.

Situated on the doorstep of the Brisbane CBD, Spring Market Place offers a highly strategic and desirable location surrounded by a range of residential, commercial and hospitality dwellings.

The asset boasts deep underlying land value supported by flexible zoning with a maximum build height of 54* metres (15-storeys), offering an unparalleled development opportunity.

We outline they key investment highlights below:

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Attributes

Building area Gross

1,700 sm

Occupancy

100.00%

Year built

2000

Media

Investment highlights

Premier Mixed-Use Offering
- Offering an array of strategic retailers, Spring Market Place services day-to-day grocery along with key takeaway food retailers and a boutique café operator.
Strategic Landholding
- Arguably one of the most high-profile corners in Spring Hill, occupying a 1,701sqm corner site – boasting ample corner exposure to both Boundary Street and Little Edward Street.
Flexible Zoning
- Spring Market Place boasts deep underlying land value supported by flexible zoning with a maximum build height of 54* metres (15-storeys).
Refurbishment Benefits
- Spring Market Place presents a fresh, well-kept neighbourhood centre, creating the ultimate investment for an incoming purchaser
Booming Economy
- Capitalise on the booming southeast Queensland economy, currently experiencing record residential growth and high commercial demand.
Income Growth
- Spring Market Place offers unparalleled income security via fixed annual reviews between 3.00% - 4.00%, with an Estimated Fully Leased Net Operating Income of $655,088* p.a.