The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterThu 11 Feb 16

Brisbane Office Buildings Sold For More Than $13 Million

1

Two office/retail buildings in prime locations in inner Brisbane have been sold for more than $13 million.

The properties in the Brisbane CBD and at Spring Hill were both sold by Ray White Commercial Queensland Director of Sales John Dwyer on behalf of private owners.

Mr Dwyer said a partially tenanted three level building at 50-56 Little Edward Street, Spring Hill, which has potential for a mixed use project, was sold for $7.2 million.

The other property, also a partially tenanted three level building, located at 99-101 Edward Street, Brisbane, was sold off market for $6.2 million by Mr Dwyer in conjunction with Trevor Weinert of Blue Commercial.

Mr Dwyer said he had been involved in the sale of a number of commercial buildings in the city and on the fringe of the CBD over the past year and there was strong demand for investment and development opportunities in inner Brisbane.

“There is currently a shortage of quality property and anyone thinking about selling their properties in and around the Brisbane CBD should be considering a formal marketing campaign to take advantage of the increased interest,” he said.

The three storey plus basement Brisbane CBD building at 99-101 Edward St is heritage listed and was built in 1910. The property was refurbished in 1986 and 1996.

“Edward St is earmarked by Brisbane City Council for an upgrade from the Queens Street Mall to Charlotte St,” Mr Dwyer said.

“We have already seen some significant retail leasing deals in recent times in Edward St.”

Mr Dwyer said the 50-56 Little Edward St property is located in the heart of Spring Hill opposite the Brisbane Eye Hospital and within walking distance to St Andrew’s and Brisbane Private Hospital.

“The free loop bus services which connects Spring Hill to the Brisbane CBD runs past this property,” he said.

RetailAustraliaBrisbaneReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
The two towers, of 35 and 34 storeys, help cement the SA capital’s growing status as the best place in Australia for the…
LATEST
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/brisbane-office-buildings-sold-13-million