A five-story heritage-listed building with beautiful character features boasting views over the Brisbane River and Botanic Gardens has sold in Brisbane City for $5.5 million to Horton Media Australia.
The property at 47 Edward Street, Brisbane City, classified as a Victorian warehouse, offers austere classical detailing in both rendered and unrendered brickwork throughout. Boasting 772sqm of building area, the property enjoys approximately 8.5m of frontage to both Edward Street and Spencer Lane to its rear.
The character-filled freehold CBD building is within walking distance of many of the city’s prominent transformational projects including Waterfront Brisbane, Kangaroo Point Green Bridge and Albert Street Station. The property is also only short distance from the Queen Street Mall and Botanic Gardens.
Gregory Woods, Director, Metropolitan & Regional Sales at Savills Australia and New Zealand said, “It’s rare to see buildings like 47 Edward Street come to market in the Brisbane CBD, particularly given its distinctive characteristics, indicative of warehouse development in this area of Brisbane during the late nineteenth century.
“With its classical styling, proximity to key transport links, retail precincts and Brisbane’s city centre, it was no surprise the property received the level of interest it did during the sales campaign.”
Daniel Pepper, Associate Director, Metropolitan & Regional Sales at Savills Australia and New Zealand said, “Particularly attractive to the purchaser was the unlimited potential of the property, subject to council approval, of course. “With its soaring ground floor ceiling height, exposed beams and timeless presence, this property’s versatility was without a doubt a strong selling point, along with its location within
the CBD,” Mr Pepper concluded.