RWC Collective agents Isaac Sarra and Neal Orpin have launched the campaign for 35 Amelia Street, Fortitude Valley, with the property to be auctioned on Friday, June 12 at 10am.
Positioned within Brisbane’s rapidly evolving CBD fringe precinct, the two-level office building is expected to attract strong interest from investors, owner-occupiers and developers alike, particularly given its location within the proposed Fortitude Valley Sustainable Growth Precinct and its proximity to future Olympic infrastructure tied to the Brisbane 2032 Games.
Sitting on a 430sqm site with 538sqm* of premium office accommodation, the building blends modern functionality with future upside, a combination increasingly difficult to find in Brisbane’s tightening office market.
The fully leased property features premium fit-outs across both levels, including reception areas, boardrooms, kitchens, private balconies, open-plan workspaces, an internal lift and eight on-site car parks. Importantly, both leases expire in January 2027, creating a rare level of flexibility in a market where buyers are increasingly seeking optionality.
Mr Sarra said the timing of the campaign aligned with growing confidence in the Fortitude Valley commercial market.
“A number of high-quality assets have traded in the Fortitude Valley precinct over the last 12 months, showing the confidence in that specific market,” Mr Sarra said.
“With the timing of 35 Amelia Street, this property suits a wide range of buyers no matter how they intend to use the site. The nearby Olympic infrastructure only adds further benefit to its future potential”
Industry sources say fringe office assets are becoming increasingly sought after as Brisbane grapples with a significant undersupply of new office developments, particularly in highly connected inner-city precincts.
The campaign is expected to resonate with buyers looking to secure a foothold in one of Brisbane’s most dynamic mixed-use markets, where infrastructure investment, urban renewal and limited supply continue driving long-term value growth.
Located 300 metres from Fortitude Valley Station and moments from James Street and the Brisbane Showgrounds redevelopment, the property occupies a strategic position in one of the city’s fastest-transforming urban pockets.
The site also benefits from Mixed Use (Inner City) zoning, with planning settings allowing for future redevelopment potential of up to four storeys, subject to approvals.
The agents say the upcoming lease expiries create several compelling pathways for purchasers; from repositioning the asset and increasing rents, to occupying part or all of the building, or land-banking for future development as Olympic-led infrastructure reshapes the broader precinct.
Current rents sit at approximately $454 gross/sqm, which is considerably below the market rates, presenting potential upside through future lease renewals.
Neal Orpin said opportunities combining immediate income with long-term strategic value were becoming increasingly scarce across Brisbane’s inner-city market.
“With very limited new office stock coming online, particularly boutique fringe office product with parking and strong transport connectivity, assets like 35 Amelia Street are becoming harder to replace,” he said.
“Buyers are recognising the long-term value of well-positioned buildings that offer flexibility today and redevelopment potential tomorrow.”
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