Land

1 Florence Street, Teneriffe

1 Florence Street Teneriffe, QLD Australia 4005
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area
Land Area ()

Property description

JLL & Knight Frank are pleased to present for sale a landmark fully leased investment in the heart of Brisbane’s most affluent suburb – Teneriffe. 

 

1 Florence Street comprises 911sqm* of net lettable area on a high profile corner site, with the below key investment highlights:

Investment highlights

  • Impressive freestanding asset with a 5.6 year* WALE (by income)
  • 1,072sqm* corner site with dual street frontage to Florence and Kent Streets, including exposure to the coveted Commercial Road precinct
  • 100% occupied by high quality covenants including Unifor Australia, Lava Ristorante, Vee Design and Odyssey Property Concierge
  • Secure income profile with inbuilt rental growth via predominantly fixed reviews between 3.0 – 4.0%*
  • Medium density residential zoning permitting significant future development (STCA)
  • Located amongst Brisbane’s most premium amenity including the Gasworks Precinct, James Street, Homemaker Centre, Emporium and The Calile Hotel all within 700m*
Last Updated Date: 02 Sep 2021
Sam Byrne
Associate, Capital Markets
Tim Jones
Tim Jones
Director, Metropolitan Sales & Investments - QLD

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Last Updated Date: 02 Sep 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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