• For sale
Rare Inner City Motel Investment Opportunity with Significant Redevelopment Potential
Rare Inner City Motel Investment Opportunity with Significant Redevelopment Potential
Rare Inner City Motel Investment Opportunity with Significant Redevelopment Potential
Rare Inner City Motel Investment Opportunity with Significant Redevelopment Potential
Rare Inner City Motel Investment Opportunity with Significant Redevelopment Potential
Colliers International has the pleasure to offer 39-55 Brunswick Street, Fortitude Valley for sale via offers to purchase.

The subject property is located in the thriving inner city suburb of Fortitude Valley and offers the following characteristics:
- Expansive 1,619m2 (approx.) development site;
- Improved by a motel ‘City Palms Motel’ which consists of 37 recently refurbished rooms, and is currently leased to a motel operator for $180,353 (net) per annum;
- Situated in the thriving inner city suburb of Fortitude Valley an located 1km (radially approx.) from the CBD;
- Flexible Mixed Use Zoning under the newly adopted ‘Spring Hill Neighbourhood Plan’, with an allowable code assessable height of 10 storeys (STCA)
- North and east aspect with extensive frontage to Brunswick Street, future redevelopment may benefit from expansive views of the CBD;
- 39-55 Brunswick Street is well situated amongst various educational facilities including St Josephs Gregory Terrace, All Hallows, Brisbane Grammar and Brisbane Girls Grammar School;
- It is a 10 minute walk to the Brisbane CBD, offering an abundance of retail, café & dining amenity including the King Street, Brunswick Street and Chinatown Mall precincts;
- A range of public transport options within close proximity including local bus services, Fortitude Valley Train Station and easy access to the major road networks, the site will also benefit from the future Cross River Rail;
- The site has excellent access to numerous parks, walking and cycling tracks, including Victoria Park and Victoria Park Golf Club;
- Concept plans are available for a striking 10 storey residential apartment project consisting of 81 x 1 & 2 bedroom units per floor prepared by Cox Architecture;
- The apartment supply in inner Brisbane is diminishing. By the end of 2019, it is expected that approximately 3,000 apartments will remain under construction, this is a significant reduction from over 15,000 in 2017.

For further information or to organise an inspection, please contact the exclusive selling agents:

Property Details