361 - 363 St Pauls Terrace, Fortitude Valley, QLD 4006

Offices

For Sale Contact Agent

  • Property ID: 389921
  • Floor Area: 613m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
100% Leased Investment - 8% return

Knight Frank is pleased to exclusively present for sale a strata office suite located at The Coterie, 361 - 363 St Pauls Terrace, Fortitude Valley, QLD. Occupying a high profile site within Fortitude Valley, The Coterie residential development features a fully leased investment offering an 8% return on the net income.
Key investment highlights include:
• Fully leased asset returning $230,000 + GST per annum net with annual 3% rental increases
• New 3 year lease with 2 x 3 year options commencing 3 May 2021
•613 sqm* of office space and amenities located over three levels fronting St Pauls Terrace with exclusive use of six (6) parking spaces
• 2020 refurbishment providing potential depreciation benefits
• Significant local infrastructure spending within the immediate area as well as direct access into the upgraded Valley Metro Plaza and train station
The owner will consider offers reflecting a 8% initial yield.
For further information please contact the exclusive marketing agents.
*Approximately

Fortitude Valley Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5092 $429 8.42%
Industrial $10784 $260 2.41%
Offices $4126 $528 12.79%
This is the average advertised price, rent and yield for Fortitude Valley, QLD 4006*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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