One of Brisbane’s finest and most identifiable corner properties in 354 Brunswick Street in Fortitude Valley has recently been taken to the market.
One of Brisbane’s finest and most identifiable corner properties in 354 Brunswick Street in Fortitude Valley has recently been taken to the market by Savills Peter Chapple and Jack Morrison on behalf of its local private owner.
Market expectations forecast a sale price of in excess of $15 million for the landmark property, which features an 871sq m freehold corner site with frontages to both Ann and Brunswick Street as well as access to the soon-to-be activated, Lucky Lane.
In addition to its enviable location, 354 Brunswick Street is also the only asset, out of the four located on the Brunswick and Ann Street intersection, to be unencumbered by heritage restrictions.
Since acquiring the property in 2000, the local owner has meticulously invested their time into leasing, restoring and positioning the prominent 1,573sq m building.
Savills Senior Executive of Metropolitan for Capital Transactions in Queensland, Jack Morrison said the asset generates over 75% of its income from the ideally located retailers who have positioned their business on the ground floor of one of Brisbane’s only, genuine 24-hour trading buildings.
The property is home to Universal Store, Beach Burrito, Brathaus, and Savile Row; the newest venture from the team behind Cobbler, an award-winning whiskey bar in West End. The retail on the ground floor, which includes courtyard area to the rear, sits below two levels of fully occupied office space all on the corner of Brunswick and Ann Street.
“The opportunity to secure a property like 354 Brunswick Street, which enjoys an unparalleled prime location on a premier corner at the top of Brunswick Street Mall, and combines low site coverage and future development potential with an excellent mix of retail and commercial tenants, is unmissable for anyone seeking marquee Brisbane property,” Mr Morrison said.