JLL & Knight Frank are pleased to present for sale a landmark fully leased investment in the heart of Brisbane’s most affluent suburb – Teneriffe.
1 Florence Street comprises 911sqm* of net lettable area on a high profile corner site, with the below key investment highlights:
- Impressive freestanding asset with a 5.6 year* WALE (by income)
- 1,072sqm* corner site with dual street frontage to Florence and Kent Streets, including exposure to the coveted Commercial Road precinct
- 100% occupied by high quality covenants including Unifor Australia, Lava Ristorante, Vee Design and Odyssey Property Concierge
- Secure income profile with inbuilt rental growth via predominantly fixed reviews between 3.0 – 4.0%*
- Medium density residential zoning permitting significant future development (STCA)
- Located amongst Brisbane’s most premium amenity including the Gasworks Precinct, James Street, Homemaker Centre, Emporium and The Calile Hotel all within 700m*