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198 Wickham Street Fortitude Valley, QLD 4006

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198 Wickham Street,
Fortitude Valley, QLD 4006

Shops & Retail • Hotel, Motel & Leisure

Price information

Sale

CONTACT AGENT

Under Contract

Key property information

Land area

Floor area

Zoning

Tenure type

Private inspections

to arrange a private inspection.

Map of 198 Wickham Street

Directions
  • Train stations within 5 km of 198 Wickham Street, Fortitude Valley, QLD 4006Distance
    Fortitude Valley Station148 m
    Exhibition Station873 m
    Central Railway Station1.1 km
    Abbotsford Rd at Bowen Hills1.4 km
    Bowen Hills Station1.5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 198 Wickham Street, Fortitude Valley, QLD 4006Distance
    Brunswick Street Near Alfred St137 m
    Wickham Street Near Brunswick138 m
    Wickham Street Near Gotha St201 m
    Wickham Street Near Warner St203 m
    Brunswick St Near Ann St250 m
    POWERED BY HERE ©
POWERED BY HERE ©

HIGH YIELDING FREESTANDING PASSIVE INVESTMENT!

  • Returning $252,689 pa net + o/g + GST
  • Long-term tenant
  • Leased until 2028 with options to 2043
Raine & Horne Commercial are pleased to present to market this fully-tenanted investment, occupying a prime location within the Fortitude Valley entertainment precinct.

Key Features:
• 534sqm* building spread over three levels
• 207sqm* regular shaped allotment
• Triple net lease returning $252,689*pa + GST with 4% annual increases
• Current lease expiring April 2028 with options to 2043
• Long-term tenant in place for past 12 + years
• Substantial capital investment spent on fit out and building works being fully refurbished in 2016
• Unique character commercial aesthetic
• Property has a successful 60 year history for its current use
• High exposure to major thoroughfare of the city fringe

Freehold investments remain tightly held across the Brisbane city fringe with opportunities to secure high performing assets few and far between. Do not miss your chance to secure this historical holding offering significant stable returns and a prominent position across Brisbane's traditional cityscape.

For further information and to receive a copy of the Information Memorandum, contact your exclusive Raine & Horne Commercial agents.

Listing ID: 21442931

Additional information

Property ID: 504451304Last Updated: 12 Feb 2024

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198 Wickham Street
Fortitude Valley, QLD 4006
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