Discover 86 Brookes Street, a gem nestled in Fortitude Valley with unique characteristics boasting both current value and future repositioning potential. Appealing to a diverse range of investors / owner occupiers, 86 Brookes Street offers a unique offering with vacant possession.
KEY FEATURES:
VERSATILE SPACE: Offering approximately 700sqm of functional space over two floors, this property is suitable for a variety of uses, including retail, medical, or office spaces. Building can accommodate a whole building occupier or one per floor.
EXCEPTIONAL LOCATION: This property enjoys two street access and is perfectly positioned for a business's prime exposure.
GENEROUS LAND PARCEL: Spanning over 506sqm, this property is zoned MU1 Mixed Use (Inner City), offering a multitude of development possibilities.
UNBEATABLE EXPOSURE: With a prime corner position, the property benefits from a high volume of vehicles passing daily.
AMPLE PARKING: The property features parking for up to 15 cars, a mixture of secure basement bays and complemented by three at the entrance of the building.
ATTRACTIVE FACADE: Boasting an elegant facade which was recently applied, the property's corner location facing onto Wickham Street adds a touch of class to its overall appeal.
LIFESTYLE CONVENIENCE: Enjoy the convenience of a short walk to a variety of entertainment precincts, including popular destinations like HQ, Emporium, King Street, and James Street.
LOCAL INFRASTRUCTURE: Upcoming large-scale initiatives and public infrastructure endeavors are on the horizon, such as the revitalization project for the RNA Precinct, the substantial $5.4 billion investment in the Cross River Rail, and the comprehensive Victoria Park Masterplan.
For Sale by Offers to Purchase.
The size of Fortitude Valley is approximately 1.4 square kilometres. It has 2 parks covering nearly 1.5% of total area. The population of Fortitude Valley in 2011 was 5,615 people. By 2016 the population was 6,976 showing a population growth of 24.2% in the area during that time. The predominant age group in Fortitude Valley is 20-29 years. Households in Fortitude Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fortitude Valley work in a professional occupation. In 2011, 27.3% of the homes in Fortitude Valley were owner-occupied compared with 21% in 2016.
Fortitude Valley has 8,123 properties. Over the last 5 years, Houses in Fortitude Valley have seen a 13.04% increase in median value, while Units have seen a 47.76% increase. As at 31 October 2024:
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