33 Vulture StreetWest End QLD 4101
Property Details for 33 Vulture St, West End
Last Listing description (August 2023)
JLL is pleased to exclusively present 33 Vulture Street, West End; a landmark development site in one of the most sought after near city catchments supported by significant passing income from a quality, diverse tenancy mix. Key attributes as followed;
Expansive 3,321sqm DC1 zoned site with three street frontage
Development upside to eight (8) storeys as of right with a variety of end use outcomes permitted per code
Strategically located, elevated site with both views across the Brisbane City Skyline and west to Mount Cootha
100% leased to quality tenants providing net income of $1,001,000pa* plus GST
Favourable lease structures and demolition clauses in place to allow for development in the medium term
Well presented creative improvements which have ensured historically low vacancy
Close walking distance to surrounding education, lifestyle and transport amenity
For a copy of the Information Memorandum or to discuss further, please contact one of the appointed JLL agents.
Property History for 33 Vulture St, West End, QLD 4101
- 15 Jan 2024Sold for $19,000,000
- 22 Feb 2023Listed for Sale Please Contact Agent
- 07 Jun 2021Sold for $14,500,000
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About West End 4101
The size of West End is approximately 2.3 square kilometres. It has 4 parks covering nearly 6.7% of total area. The population of West End in 2011 was 8,061 people. By 2016 the population was 9,482 showing a population growth of 17.6% in the area during that time. The predominant age group in West End is 20-29 years. Households in West End are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West End work in a professional occupation. In 2011, 36.9% of the homes in West End were owner-occupied compared with 38.7% in 2016.
West End has 9,151 properties. Over the last 5 years, Houses in West End have seen a 58.06% increase in median value, while Units have seen a 53.43% increase. As at 31 October 2024:
- The median value for Houses in West End is $1,767,123 while the median value for Units is $810,668.
- Houses have a median rent of $700 while Units have a median rent of $675.
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