Fortitude Valley has always been a somewhat sleeper suburb of Brisbane, with New Farm and Teneriffe as it's neighboring suburbs, it's easy to dismiss the Valley in the past, but not anymore. With the Olympic City now forging ahead with infrastructure planned and costed, the Fortitude Valley now finds itself to be the go to suburb to park some of your hard earned cash. Some have predicted inner city suburbs such as the Fortitude Valley to have upwards of 50% property growth before 2032 and i don't think they're wrong!
Elevated, with a northeast aspect, the living/income options associated with this property are many. Buy and hold, buy and move in, buy and run your business or a mix play, it's up to you. Positioned on a 435sqm parcel of prime land with a versatile zoning, redeveloping into the future is in play. And i quote "Fortitude Valley is designated as a principal centre within Brisbane's zoning system, which is a type of district centre, according to the Brisbane City Council. This means it's designed to accommodate a wide variety of uses, including commercial, retail, residential, and entertainment activities, serving a large catchment area". As always please obtain your own town planning advice.
Within walking distance of the Central Business District (CBD), The Howard Smith Wharves and the Valley itself, this property will also be positioned within a close proximity to both the Olympic Main Stadium and swimming arena located in Spring Hill. Whether its capital growth you're after or a rental cash flow investment, you cannot go wrong in 4006 and this opportunity.
509 Brunswick Street offers but is not limited to;
• 435sqm elevated mixed-used development property in the heart of Brisbane (District Center)
• High exposure, ideal northeast-facing aspect towards Teneriffe and Hamilton
• Currently a residential house featuring 8 bedrooms, 4 bathrooms, 6 car spaces, 2 kitchens
• Excellent access to a reliable CityCat and bus service, 20 mins to the airport, both domestic and international
Further relevant costs and information:
• Currently tenanted until 29th May 2025 at $1,950 per week with the tenant wanting to renew ($101,400 p.a)
• Rates are $1,818.15/q
• Not flood affected
• Parking is at the rear, access from Harcourt Street (Benefit from an easement)
• Pedestrian access from Brunswick Street, secured door access, perfect for client entry and exit
For your private inspection, please contact Ivo directly on 0412 301 439 or we'll see you at the next open home.
Disclaimer:
This property is being sold by auction or without a price, however, the website may have filtered the property into a price bracket for functionality purposes.
Whilst we aim to provide absolute precision regarding all information herein and further provided on this property, we cannot warrant its accuracy. We recommend all interested parties should undertake their own investigations as desired.
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