608 Wickham Street, Fortitude Valley, QLD 4006

Retail | Showrooms | Other

Sold $2,000,000

  • Property ID: 390483
  • Floor Area: 596m²
  • Land Area: 653m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 596m2 653m2 N/A
608 Wickham Street, Fortitude Valley

This quality commercial property investment offers:


1. Prime 653 m² site with a Brisbane central city location;

2. Low commercial rents offering substantial future income growth;

3. Fully refurbished commercial component underwriting 60% of the income;

4. Ability to also reposition the residential component and further increase income;

5. Opportunity for future redevelopment to 10 levels (STCA);

6. A net income stream after all outgoings are paid by the tenants with an ROE in excess of 8% on the vendors asking price;

7. Cash flow positive from Day 1. Not negative cash flows like most residential investments;

8. Freehold ownership - No body corporates to deal with. No strata-title. Just you making your own decisions.

Closing date for offers: Friday June 25 2021



Contact Stephen today for the DD Pack.

Fortitude Valley Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $307 ---
Retail $5805 $519 8.94%
Offices $5543 $711 12.82%
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 Retail 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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