As exclusive agents, jointly with Knight Frank, Ray White Commercial is pleased to present an exciting opportunity to acquire the freehold interest for a modern, city fringe commercial office building with future value-add and redevelopment potential - 88 Jephson Street.
Exceptional public transport and amenity, close to the University of Queensland, Hospitals (Toowong Private & Mater), and Brisbane Boys College. The asset boasts the following key investment highlights.
Net Lettable Area - 6,441sqm*
Car Parking - 136 bays (1:47sqm)
Fully Leased Net Income - $2,250,000 p.a.* (as at 01 March 2020)
Occupancy - 89.1%
NABERS Rating - 3.5 star (Water) & 0 star (Energy)
Site Area - 4,118sqm*
Zoning - Major Centre
Maximum Building Height - 20 Storeys (STCA)
Allowable Uses - Residential, Commercial Office, Short-Term Accommodation, Student Accommodation, Health Services, Retail
The property is For Sale via Expressions of Interest closing 4.00pm (AEST) Thur 19 Mar 2020.
For further information please contact Tom Barr or Jason Hines.
For more details, please email agent