68 Commercial Road, Newstead, QLD, 4006, AU

68 Commercial Road

Asset description

JLL Metro Sales & Investments QLD are pleased to exclusively present 68 Commercial Road, Newstead - one of Brisbane’s most recognisable buildings providing significant passing income from a diverse range of tenants and available space for an incoming occupier to establish their business and reposition a true ‘live, work, play’ asset.

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Attributes

Asking Price

₱365,982,000

Building area Net

1,862 sm

Media

Investment highlights

Key attributes include:

1,862sqm* boutique, freehold asset spanning across four levels consisting of street level retail, multiple levels of office and a residential penthouse.
Significant passing income with consideration to allow for an incoming purchaser to occupy the building with favourable lease clauses allowing for relocation.
Immediate value add potential, allowing an astute purchaser to refurbish the office space and residential penthouse.
Flexible Mixed Use zoning providing for a range of end uses highlighted by the variety of surrounding developments.
Positioned at the juncture of Commercial Road, Masters Street and Wyandra Street on a commanding corner with exceptional exposure.
Walking distance from James Street Gasworks precincts award winning café’s, bars, breweries, restaurants, luxury retailers and gyms.

*Approximately

68 Commercial Road, Newstead is being offered for sale via Expressions of Interest closing Thursday 24 August 2023 at 4:00PM.

For further details or to arrange an inspection time please contact the exclusive agents.