SOLD
Sold on 19 Feb 2024 for $5,300,000

86 Brookes Street
Fortitude Valley QLD 4006

Bedrooms: -
Bathrooms: -
Car spaces: 15
Floor area: 972m2
Land area: 506m2
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Property Details for 86 Brookes St, Fortitude Valley

Building Type
Commercial
Floor Size
972m2
Land Size
506m2
Local Government
Brisbane
Lot/Plan
74/SP222709

Last Listing description (November 2023)

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.

Property History for 86 Brookes St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$5,300,000
19 Feb 2024
Listed for Rent
19 Apr 2023
  • 19 Feb 2024
    Sold for $5,300,000
  • 12 Oct 2023
    Listed for Sale Contact Appointed Agents
  • 28 Nov 2022
    Listed for Rent - Price not available
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About Fortitude Valley 4006

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:

  • The median value for Houses in Fortitude Valley is $1,224,170 while the median value for Units is $564,483.
  • Houses have a median rent of $600 while Units have a median rent of $600.
There are currently 100 properties listed for sale, and 61 properties listed for rent in Fortitude valley on OnTheHouse. According to CoreLogic's data, 684 properties were sold in the past 12 months in Fortitude valley.

Suburb Insights for Fortitude Valley 4006

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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.