BRISBANE HOT SPOT ON THE MARKET

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.

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How communications technology can raise the bar on customer service, employee experience
Partner Content
From capturing feedback early to providing messages with a higher rate of cut-through, ...
Advertisement

Related Stories

EML Payments awarded $320m government contract to help stimulate the Spanish arts sector

EML Payments awarded $320m government contract to help stimulate the Spanish arts sector

Global payment solutions business EML Payments (ASX: EML) will play...

Microbio goes public as med-tech tackles condition that causes 11 million deaths per year

Microbio goes public as med-tech tackles condition that causes 11 million deaths per year

Brisbane-based medical technology company Microbio has stepped...

Available anywhere and everywhere: Lifestyle brand The Somewhere Co. targets global expansion

Available anywhere and everywhere: Lifestyle brand The Somewhere Co. targets global expansion

Despite a difficult few months for everyday wares outfit The Somewh...

G'day space: Australia is "go" for launch

G'day space: Australia is "go" for launch

Just after midnight on Monday 27 June, above the vast wilderness of...