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Savills - Brisbane
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118-122 Palmerin Street and 50 King Street Warwick, QLD 4370

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For Sale

118-122 Palmerin Street and 50 King Street
Warwick, QLD 4370

Shop & Retail • Offices
Sale Price

For Sale

Land area

2580.0m²

Floor area

2640.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Partially Leased
Est. Incomep.a.
$194,071
Number of Tenants
6 Tenants

THE GRAND JEWEL – “SMITH & MILLER BUILDING”

  • Multi-tenanted commercial investment
  • Iconic two level heritage building
  • Elegant asset
 Current passing income $194,071* per annum
 Land Area 2,580*sq m
 Net Lettable Area 2,640*sq m
 Located in heart of the Main Street of Warwick’s CBD
 Tenants include ASX: (NBL) listed Rivers Australia, Lifeline, James Lister MP, Voyage Gym and Barber Shop
 Principal Centre zoning which includes flexible code assessable uses
 Imposing and impressive grand building with huge exposure to Palmerin Street and King Street
 Directly opposite ANZ Bank
 Income producing investment opportunity in a low interest rate environment
 8 tenancies over two levels, 5 current tenants over 6 tenancies (2 current vacancies)
 Potential annual gross passing income circa $264,000* (when fully leased)
 Invest Southern Downs website is https://investsoutherndowns.com.au/invest/
 Major projects in the region https://investsoutherndowns.com.au/major-projects/
 The Economic Comparison report https://investsoutherndowns.com.au/wp-content/uploads/2018/11/Southern-Downs-Economic-Comparison_web.pdf.

Expressions of Interest – EOI closing 4pm Thursday 14 November 2019

Contact Exclusive Agents Jason O’Meara or Will Carman of Savills for further information.

*Approximately

Property ID: 503360542Last Updated: 8 Nov 2019

Savills - Brisbane
118-122 Palmerin Street and 50 King Street
Warwick, QLD 4370
Will Carman
Jason O'Meara

Savills - Brisbane

Level 2, 66 Eagle Street
BRISBANE CITY, QLD 4000

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Savills - Brisbane

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Savills - Brisbane

Level 2, 66 Eagle Street
BRISBANE CITY, QLD 4000
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Will Carman

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Will Carman
Savills - Brisbane
118-122 Palmerin Street and 50 King Street Warwick, QLD 4370

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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