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Commercial Office Building with Future Value-Add and Rede...

88 Jephson Street, TOOWONG QLD, 4066

For Sale

Property for Sale in 88 Jephson Street, TOOWONG QLD, 4066

Ray White Commercial Qld

Level 26, 111 Eagle Street (GPO Box 2433), Brisbane, QLD 4001

Listing ID:
11377682
Status:
Active
For:
Sale
Price:
Expressions of Interest
Last Updated:
07/03/2020
Icon building

Property Type

Offices
Icon square

Land Area

4118 SQM
Icon size

Floor Area

6441 SQM
Icon parking

Parking

N/A

Commercial Office Building with Future Value-Add and Redevelopment Potential

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.

Existing Building:
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 Details:
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.

*approximately

For more details, please email agent

Ray White Commercial Qld

Level 26, 111 Eagle Street (GPO Box 2433), Brisbane, QLD 4001


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