SOLD
Sold on 05 Jul 2024 for $10,780,000

447 Upper Edward Street
Spring Hill QLD 4000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1357m2
Land area: 442m2
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Property Details for 447 Upper Edward St, Spring Hill

Building Type
Commercial
Floor Size
1357m2
Land Size
442m2
Local Government
Brisbane
Lot/Plan
4/RP10279

Last Listing description (March 2023)

JLL Metropolitan Sales & Investments has the exclusive pleasure to offer to market 'Engineering House'; a boutique office asset which sets a new standard in luxury office accommodation. The four level freestanding building is positioned on the cusp of the Brisbane CBD providing exceptional access to lifestyle and transport amenity and as recently undergone a full building refurbishment, creating the best near city office opportunity being offered to market in many years.

447 Upper Edward Street, Spring Hill, provides ultimate flexibility with three, independent full floor suites supported by luxury end of trip facilities and a ground floor entry which would impress even the most discerning of buyers.

The key attributes of Engineering House is surmised below;

1,358sqm* boutique, freehold office asset over four levels a new benchmark in luxury office accommodation
Includes three, independent full floor suites each masterfully designed with their own unique design, fit out and amenities
Features an attractive building facade, welcoming modern entry and foyer, luxury EOT facilities & secure parking
Strategically located just metres to the Brisbane CBD and walking distance to both transport and lifestyle/retail amenity
Significant depreciation benefits available to the incoming purchaser
A genuine 'plug & play' opportunity with all high end furniture and fittings included
Establish your business and be the first to occupy 'Engineering House'; arguably Brisbane's best boutique office building

For a copy of the Information Memorandum or to coordinate a private inspection through 'Engineering House', please contact JLL.
Expressions of Interest closing Wednesday 22 March 2023 at 4pm (AEST) .

Property History for 447 Upper Edward St, Spring Hill, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$10,780,000
05 Jul 2024
Listed for Rent
$40k/w
02 Mar 2020
  • 05 Jul 2024
    Sold for $10,780,000
  • 22 Apr 2021
    Sold for $3,410,000
  • 19 Feb 2020
    Listed for Sale Contact Agent
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About Spring Hill 4000

The size of Spring Hill is approximately 1.3 square kilometres. It has 7 parks covering nearly 19.6% of total area. The population of Spring Hill in 2011 was 5,258 people. By 2016 the population was 5,958 showing a population growth of 13.3% in the area during that time. The predominant age group in Spring Hill is 20-29 years. Households in Spring Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spring Hill work in a professional occupation. In 2011, 29.6% of the homes in Spring Hill were owner-occupied compared with 29.9% in 2016.

Spring Hill has 5,375 properties. Over the last 5 years, Houses in Spring Hill have seen a 53.65% increase in median value, while Units have seen a 57.93% increase. As at 31 October 2024:

  • The median value for Houses in Spring Hill is $1,519,596 while the median value for Units is $548,053.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 40 properties listed for sale, and 46 properties listed for rent in Spring hill on OnTheHouse. According to CoreLogic's data, 349 properties were sold in the past 12 months in Spring hill.

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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.