Spring Hill Commercial Complex in Receivers’ Sale

A commercial complex in the heart of Spring Hill in inner Brisbane is being offered for sale by Ray White Commercial (QLD).

The property at 490 Boundary Street, Spring Hill, is being marketed via Expressions of Interest by John Dwyer and Jason Hines of Ray White Commercial QLD under instructions from Helen Newman and David Whyte of BDO as receivers and managers.

Mr Dwyer said the offering comprises a substantially completed commercial office complex incorporating an existing heritage dwelling on a land area of approximately 776 sq m with onsite parking.

“The property also includes a newly constructed six-storey office tower with two basement levels” he said.

“The property is being offered for sale in one line with potential to strata title individual floors, subject to council approval.”

Mr Dwyer said the commercial complex is located within an established medical precinct near St Andrew’s War Memorial Hospital and within walking distance to other major medical facilities.

“The property is surrounded by retail and service amenities within an established mixed-use precinct combining medical, commercial, retail, hotel/accommodation, education and private residences, which provides a unique amenity for this near city suburb.

“The Brisbane City Council Spring Hill free loop service, operating between the CBD and Spring Hill, runs past the property which is approximately 650m from the Brisbane city centre.”

Mr Hines said Spring Hill is also close to some of Brisbane’s schools and international colleges, including St Joseph’s College, Gregory Terrace, Brisbane Boys Grammar, Brisbane Girls Grammar and All Hallows.

“The immediate precinct also includes the new Queensland headquarters for Adventist Retirement Plus at 400 Boundary St and IES International College campus at 433 and 495 Boundary St.” he said.

Expressions of Interest close at 4pm on Wednesday, 23 August, 2017.

Further enquiries:

John Dwyer Mb: 0439 034 010

Jason Hines Mb: 0418 721 744

The Urban Developer is proud to partner with Ray White to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers.