AN EXPANSIVE INFILL SITE WITH ENORMOUS FLEXIBILITY, ADJOINING LENDLEASE’S MASTERCRAFTED KING STREET PRECINCT
CBRE are pleased to offer 15 Anderson Street, Fortitude Valley for sale via Expressions of Interest. 15 Anderson Street is an expansive infill site with enormous flexibility, adjoining LendLease’s mastercrafted King Street precinct. With 2,896sqm site area, the investment provides a multi-faceted acquisition prospect with significant redevelopment and repositioning potential. The asset is strategically located in a prominent corner position, between the King Street precinct and Brisbane Showgrounds.
Key highlights of the opportunity include:
•1.2km from Brisbane CBD in vibrant location with exceptional connectivity and amenity.
•120m from King Street, 300m from the new Cross River Rail Exhibition Station, 500m to Fortitude Valley Train Station.
•2,896sqm site with 142m of frontage to Anderson, Costin and Water Streets.
•Three existing structures totaling 2,872sqm with holding income and the ability to immediately increase via active asset management.
•24 storey development potential with flexible zoning parameters & high-density mixed zoning within the Bowen Hills Priority Development Area.
•Existing Development approval valid until October 2022, incorporating 230 residential units, with ability to substantially increase the scale under code.
•Surrounded by enormous infrastructure programs including King Street, Brisbane Showgrounds, Valley Metro, Jubilee Place, Royal Brisbane and Women’s Hospital and several arterial road networks.
A 100% freehold interest in 15 Anderson Street, Fortitude Valley is available for purchase via Expressions of Interest closing Thursday 28th of October at 4:00pm.