BRISBANE HOT SPOT ON THE MARKET

Written on the 11 September 2015

BRISBANE HOT SPOT ON THE MARKET BRISBANE'S tightest office precinct, where there is an estimated 6 per cent vacancy, will next week have a spot up for grabs.

South Central Commercial, a 3035sqm fully-leased investment in South Brisbane, is expected to attract a range of private and institutional inquiries who are willing to invest circa $20 million.

Tom Phipps, Guy Stafford and Philip O'Dwyer from Colliers International are exclusively marketing the retail and office component for sale on behalf of Hudpac Corporation Pty Ltd. The Brisbane-based development company completed the mixed-use development at 43 Peel Street in 2008.

Phipps says the fully-tenanted asset has a strong leasing history with the office component accommodating ten tenants and retail component two tenants.

"This outstanding investment opportunity in Brisbane's best performing office precinct offers secure income stream with staggered lease expiries, underpinned by a list of blue chip tenants," he says.

"In the last two years commercial space in South Brisbane has become scarce due to a significant redevelopment of commercial sites for high density residential projects. Therefore assets of this nature will attract higher investment premiums in the future due to their strong income streams and revenue growth potential.

"This is becoming more evident as the Brisbane commercial property market follows an anticipated recovery in vacancy, incentives and rental levels."

The Expressions of Interest campaign closes 28 October 2015.

 


Latest News

SA GOVERNMENT APPOINTS ESCAPENET TO DELIVER ULTRA HIGH-SPEED INTERNET

THE South Australian government has appointed Adelaide business EscapeNet to deliver a $7.6 million ultra high-spe...

CAIRNS COUPLE DIVE INTO THE SHARK TANK AND CONVINCE FELLOW 'BOATIE' GLEN RICHARDS TO WORK WITH THEM

THEY'RE a husband and wife team with an invention that can help save the Great Barrier Reef, and lives, and Pe...

AFTERPAY MERGER WITH TOUCHCORP GIVEN THE GO-AHEAD BY FEDERAL COURT

AFTERPAY Holdings Limited (ASX: AFY) has been given the green light by the Federal Court for its merger with Touch...

MEGAPORT TARGETS GLOBAL EXPANSION WITH $27.8M CAPITAL RAISING

MEGAPORT Limited (ASX: MP1) will complete a $27.8 million capital raising to assist in expanding the group's plat...

Related News

CAIRNS COUPLE DIVE INTO THE SHARK TANK AND CONVINCE FELLOW 'BOATIE' GLEN RICHARDS TO WORK WITH THEM

THEY'RE a husband and wife team with an invention that can help save the Great Barrier Reef, and lives, and Pe...

DOWNER EDI GRABS MORE THAN 50 PER CENT STAKE IN HOSTILE TAKEOVER TARGET SPOTLESS

DOWNER EDI Limited (ASX: DOW) now holds more than 50 per cent of Spotless Group Holdings Limited's (ASX: SPO) sha...

STRUGGLING TEN NETWORK IS 'CASH POSITIVE' AND CAN BE SAVED, ADMINISTRATOR SAYS

THE ADMINISTRATORS of the Ten Network say the struggling broadcaster has cash to continue operating and have also ind...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter