6 & 7/19 Annie Street NEW FARM QLD 4005
Must Be Sold

DESCRIPTION

Seize this unmatched development opportunity in the heart of New Farm!

DA-approved and partially constructed, this mixed-use building presents an exciting prospect for investors, developers, and business owners alike. Positioned on one of Brisbane's most sought-after streets, it offers a rare chance to capitalise on both commercial and residential rental returns.

Key Features:
- High-exposure location in the heart of New Farm's buzzing commercial precinct, with building approval in place and the operational work approval will be assigned to new owner.
- Existing DA approval for a rooftop common area, with potential for a bar (STCA) - basement already mostly built.
- Multiple tenancies: two commercial kitchens and a versatile upper-level space.
- Attractive rental yields with strong market demand for hospitality and retail tenants.
- Surrounded by high-traffic businesses, premium residential hubs, and public transport.
-Low Strata fee of $1477.79 per quarter for each lot (6 &7)

Strong Rental Market & Yield Potential
New Farm continues to experience strong commercial demand, with rental rates sitting between $600-$700 per m2 per annum for internal spaces. The property features two tenancies:

Unit 6A - 140.6m2 Potential rental: $84,360 - $98,420 per annum + outgoings
Unit 6B - 90m2 Potential rental: $54,000 - $63,000 per annum + outgoings
Unit 7 Versatile upper-floor space $1,200 - $1,400 per week

This makes 722 Brunswick Street a prime opportunity for investors seeking strong returns in a sought-after precinct.

DA-Approved Mixed-Use Development
This property comes with an approved development application, featuring:
- Basement level: Secure car parking (already built)
- Ground floor: Two restaurant spaces for high-traffic hospitality tenancies
- First floor: Spacious 3-bed, 2-bath, 2-car residential unit - a prime rental or live-in opportunity
- Top floor: Versatile rooftop deck - potential for a rooftop bar, function space, or exclusive venue (STCA)

Maximise Value: Rooftop Potential
With an existing DA classifying the 278.6m2 roof deck as a common area, there's scope to apply for DA approval to transform it into a restaurant or bar (STCA) - significantly boosting rental income. The potential rental yield for a fully equipped rooftop venue is estimated at $125,370 - $195,020 per annum + outgoings.

Thriving Location in the Heart of Brisbane
Situated at the gateway to Fortitude Valley, this prime commercial space is surrounded by high-end dining, boutique retail, and affluent residential areas. With exceptional foot traffic, nearby transport, and a vibrant nightlife scene, this location offers endless potential for businesses and investors alike.

Opportunities like this are rare - the owner must sell, so this is your chance to secure your stake in Brisbane's commercial future today! Inquire for further details.

All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Sunday & Summer Property Specialists Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 56 653 127 701 / 21 107 068 020