FOR SALE
Auction 1st November 2024 9:45am

572 Brunswick Street
New Farm QLD 4005

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1359m2
Land area: 2156m2
Auction Time
Fri 1 Nov 9:45 am
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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Occupy, Invest or Develop | Trophy Brisbane Retail Property

RWC Retail are proud to present 572 Brunswick Street, New Farm QLD for sale via Auction. The Auction will be held on Friday 1st November 2024, 9:45am (AEST) at Level 26, 111 Eagle Street, Brisbane City.
|What|
• A once-in-a-generation opportunity to occupy, invest or develop an iconic property located on the doorstep of the Brisbane CBD
• A freestanding 1,359sqm* building being offered vacant possession as at 30/11/2024
• Ideally suited to owner-occupiers with 28 on-site car parks, outbound positioning and dual-street access
• Head lease since 2004, to IGA Marketplace with three sub-tenants (Architect, Coffee Shop, Gym) and almost 500sqm* of lower-ground storage
• Mixed-use development upside, currently zoned up to 4 storeys
• Holding Net Income of $339,268 + GST p.a. (until 30/11/2024)
|Where|
• A 2,156sqm* corner land parcel, just 500m* from the Brisbane CBD
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Property Details for 572 Brunswick St, New Farm

Building Type
Commercial
Floor Size
1359m2
Land Size
2156m2

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About New Farm 4005

The size of New Farm is approximately 2.5 square kilometres. It has 4 parks covering nearly 9.1% of total area. The population of New Farm in 2011 was 11,330 people. By 2016 the population was 12,536 showing a population growth of 10.6% in the area during that time. The predominant age group in New Farm is 20-29 years. Households in New Farm are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in New Farm work in a professional occupation. In 2011, 40.5% of the homes in New Farm were owner-occupied compared with 39.7% in 2016.

New Farm has 7,917 properties. Over the last 5 years, Houses in New Farm have seen a 84.06% increase in median value, while Units have seen a 64.44% increase. As at 31 August 2024:

  • The median value for Houses in New Farm is $2,787,119 while the median value for Units is $999,075.
  • Houses have a median rent of $795 while Units have a median rent of $600.
There are currently 49 properties listed for sale, and 50 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 348 properties were sold in the past 12 months in New farm.

Suburb Insights for New Farm 4005

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Contact agent
Lachlan O'Keeffe
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Michael Feltoe
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RWC Retail QLD
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.