86 Brookes StreetFortitude Valley QLD 4006
Property Details for 86 Brookes St, Fortitude Valley
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
- 19 Feb 2024Sold for $5,300,000
- 12 Oct 2023Listed for Sale Contact Appointed Agents
- 28 Nov 2022Listed 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 8,266 properties. Over the last 5 years, Houses in Fortitude Valley have seen a -0.01% decrease in median value, while Units have seen a 43.91% increase. As at 31 July 2024:
- The median value for Houses in Fortitude Valley is $886,320 while the median value for Units is $556,319.
- Houses have a median rent of $600 while Units have a median rent of $600.
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