383 St Pauls Terrace, Fortitude Valley, QLD 4006

Hotel/Leisure | Development/Land

Sold $2,000,000

  • Property ID: 402139
  • Floor Area: 507m²
  • Land Area: 410m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 18/05/2023 507m2 410m2 N/A
Fortitude Valley Boutique Hotel Investment

28 room boutique hotel
3 star quality in 5 star location
Solid 2 level brick construction
Completely refurbished to the highest standard
All new plumbing and wiring
2 street access (Saint Pauls Terrace & Alfred Street)
The property is being operated by one of the most experienced accommodation operators in Brisbane
Net Income of $165,000 per year with a new 10 + 10 + 10 year lease and options.


The Location:
The property is located in the thriving hub of Fortitude Valley, the home of some of Brisbane best attractions and a large range of entertainment venues.
Approximately one kilometre from the Brisbane CBD, Fortitude Valley has developed into a business district in its own right. As with its neighbouring suburbs, Fortitude Valley has undergone extensive redevelopment over the last decade. Known as hub of entertainment venues, cafes, nightclubs, galleries and restaurants, Fortitude Valley has been drawing residents and visitors from around Brisbane.

The property is only 90 meters* to Valley train Station and just a short walk to the local bus services, China Town and the Brunswick Street Malls.

The Potential:
Fortitude Valley Neighbourhood Plan recognizes the suburb as an important growth area. The zoning allows for mixed-use developments up to 4 storeys and up to, 10 to 25 storeys with amalgamations.

*Approximately

Fortitude Valley Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $307 ---
Retail $7583 $526 6.93%
Offices $6709 $710 10.59%
This is the average advertised price, rent and yield for Fortitude Valley, QLD 4006*
* 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.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×