3 Montpelier Road
Newstead, QLD 4006

Overview

Trophy Newstead 5,141sqm* Corner Landholding

Ray White Retail, MP Commercial and Ray White Special Projects (QLD) are proud to present 3 Montpelier Road, Newstead. For sale by Expressions of Interest closing Thursday 21st May at 2pm (AEST). 1. Location• A rare opportunity to acquire a premium Newstead landholding• Prominent 5,141sqm* corner site with exposure to over 400,000 vehicles weekly• Positioned at the strategic meeting point of Newstead, Fortitude Valley and Bowen Hills, three of Brisbane's most tightly held inner-city precincts• Newstead is Brisbane's preeminent luxury apartment market, with prices exceeding $2 million as supply continues to be constrained2. Develop• Demolition clauses in all leases, allowing development to commence after 12 months• MU1 Mixed-Use Zoning• Currently zoned for 5-storey development, with council acknowledging that additional building height on the site may be supported through a performance-based planning outcome• Ongoing redevelopment of the neighbouring precincts demonstrates a clear trend toward increased density and height within the broader inner-city corridor3. Invest• Existing 3,397sqm* fully leased LFR centre with national brands including Beaumont Tiles & Highgrove Bathrooms• 3.48 Year WALE with guaranteed annual rental increases• Current Net Income of $1,272,936 + GST p.a.• 34 On-Site Car Parks

Location