Fortitude Valley Freestanding Building | Invest, Occupy Or Re-develop

Property ID 1766568

- Total Land Area: 1,381m*
- Building Area: 1,621m*
- 20 on site at grade parking bays
- Substantial 3 level commercial building with 3 street frontage
- Mixed Use Zone of Bowen Hills Priority Development Area with potential for up to 12 stories (^STA)
- Holding Income with opportunity to increase
- Two (2) km* to the Brisbane CBD with close proximity to major road arterials
- Strategically located in close proximity to a range of significant local redevelopment and infrastructure projects including Herston Quarter, Royal Brisbane and Women's Hospital, RNA Showgrounds Redevelopment Precinct, Valley Metro Redevelopment and future Exhibition Station (Cross River Rail)
- Opportunity to re-position, invest, occupy or redevelop
- 5 Star NABERS Rating
- Seller may consider a range of divestment outcomes

Expressions of Interest
Closing Wednesday 31 January 2018 4pm

Mark Creevey 0408 992 222
Tony Williams 0411 822 544
John Dwyer 0439 034 010

*approximately
^Subject to Approval
**This property is being sold by Expressions of Interest therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Ray White Commercial (Queensland) has pleasure in offering for sale by Expressions of Interest a substantial freehold building located in the Brisbane suburb of Fortitude Valley.

Features include:

  • Total Land Area: 1,381m²*
  • Building Area: 1,621m²*
  • 20 on site at grade parking bays
  • Substantial 3 level commercial building with 3 street frontage
  • Mixed Use Zone under Bowen Hills Priority Development Area  (PDA) with potential for up to 8 stories(opportunity to increase to 12 storeys if certain criteria is met)
  • Holding Income with opportunity to increase
  • Two (2) km* to the Brisbane CBD with close proximity to major road arterials
  • Strategically located in close proximity to a range of significant local redevelopment and infrastructure projects including Herston Quarter, Royal Brisbane and Women’s Hospital, RNA Showgrounds Redevelopment Precinct, Valley Metro Redevelopment and future Exhibition Station (Cross River Rail)
  • 5 Star NABERS Rating
  • Seller may consider a range of divestment outcomes

Executive Summary and Sales Details

Address

557 Gregory Terrace, Fortitude Valley QLD 4006

Land Area

1,381m²*

Method of Sale

The property is being offered for sale by Expressions of Interest closing Wednesday, 31 January 2018 at 4pm.

The seller is willing to consider a variety of divestment options in response to this Expressions of Interest campaign. This may include but are not limited to potential options below:

  • Outright Sale (Unconditional or Conditional)
  • Lease Back
  • Buy Back of Completed Strata Office Product
  • Other Options

The sellers retain the right (in their absolute discretion) to:

  • Decline to consider and/or accept any offers to purchase lodged in response to this invitation;
  • Negotiate directly with any party who has lodged an offer to purchase at any state;
  • Accept or decline non-conforming expression of interest at any stage of the sale process;
  • Enter into any agreement for sale of the properties on such terms as are acceptable to the Seller in the Seller’s absolute discretion;
  • Change this invitation;
  • Require additional information from a party who has lodged an offer to purchase;
  • Reject all or any offers to purchase of interest at any time for any reason; and
  • Withdraw the property from sale

If the offer is to be submitted by hard copy it is to be enclosed within a sealed envelope marked clearly with:

c/- Mark Creevey, Tony Williams or John Dwyer
Ray White Special Projects (QLD)
Level 26, One One One,
111 Eagle Street, Brisbane Qld 4000

* approximately
# Important: Prospective purchasers conduct due diligence investigations of the property strictly at their own expense and risk, and the vendor will have no liability in relation to such expenses. Consent by the vendor to the conduct by any potential purchaser of due diligence activities or investigation will not in any circumstance be construed as a representation that the vendor will be exercising, or refraining from exercising its rights to deal with the property, or any representation that the vendor intends to contract with that potential buyer, or at all.

Fortitude Valley is located approximately 3 kilometres north of the Brisbane CBD, and is an established mixed use locality, which is earmarked for substantial urban renewal.

Log in or register to view the following documents

Property Overview

Annexures

Expressions of Interest Form

Information Memorandum (full PDF)

The information and figures contained in this report have been provided to us by the following sources. The Parties (as defined in the Disclaimer) have not independently checked any of the information. The Parties make no comment on and give no warranty as to the accuracy of the information contained in this report which does not constitute all or any part of any offer or contract. Prospective purchasers must rely on their own enquiries. Zoning and land areas details are as provided by PDS Live and Local Municipal Councils and are subject to confirmation.

Page

Content

Source

Page 3Key Investment HighlightsBrisbane City Council / Ray White
Page 5Property OverviewBrisbane City Council / RPData
Page 6Town PlanningBrisbane City Council
Page 7Property ImprovementsRay White
Page 8Income AnalysisSeller
Page 9Tenancy ScheduleSeller
Page 10Reposition OpportunityRay White
Page 11Significant DevelopmentsRay White / Google / Brisbane City Council
Page 16Location FeaturesGoogle Maps
Page 17Amenities MapWhereis.com.au
Annexure APhotographyAerial Hotshots
Annexure BExpressions of Interest FormRay White
Annexure CTitle SearchDepartment of Natural Resources and Mines
Annexure DSurvey PlanDepartment of Natural Resources and Mines
Annexure EFloor PlansKFM Partnership / Seller
Annexure FPreliminary Planning OverviewJensen Bowers

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557 Gregory Terrace Fortitude Valley QLD 4006 AUS
-27.452215 153.030474