Land

1 Florence Street, Teneriffe

1 Florence Street Teneriffe, QLD Australia 4005
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

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Property Description

JLL & Knight Frank are pleased to present for sale a landmark fully leased investment in the heart of Brisbane’s most affluent suburb – Teneriffe. 

 

1 Florence Street comprises 911sqm* of net lettable area on a high profile corner site, with the below key investment highlights:

Investment Highlights

  • Impressive freestanding asset with a 5.6 year* WALE (by income)
  • 1,072sqm* corner site with dual street frontage to Florence and Kent Streets, including exposure to the coveted Commercial Road precinct
  • 100% occupied by high quality covenants including Unifor Australia, Lava Ristorante, Vee Design and Odyssey Property Concierge
  • Secure income profile with inbuilt rental growth via predominantly fixed reviews between 3.0 – 4.0%*
  • Medium density residential zoning permitting significant future development (STCA)
  • Located amongst Brisbane’s most premium amenity including the Gasworks Precinct, James Street, Homemaker Centre, Emporium and The Calile Hotel all within 700m*
Last Updated Date: 02 Sep 2021
Sam Byrne
Associate, Capital Markets
Tim Jones
Tim Jones
Director, Metropolitan Sales & Investments - QLD

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Last Updated Date: 02 Sep 2021

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