1 Breakfast Creek Road, Newstead, QLD, 4006
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Property Highlights

High profile corner site in the urban renewal precinct, minutes from the CBD
  • 100% leased 6,904sqm mixed-use complex
  • 5,961sqm site area with significant development upside
  • Located in Gasworks precinct

CBRE and Cushman & Wakefield are pleased to present 1 Breakfast Creek Road, Newstead to the market. This fully leased, multi-tenanted mixed-use opportunity provides the following key benefits;

  • 6,904sqm mixed-use complex across two buildings – office tower (6,034sqm) and retail banking chambers (870sqm)
  • Substantial 5,981sqm* land bank opportunity with enormous exposure to 65,000* vehicles per day
  • Located within the Gasworks precinct and five-minutes’ walk to James Street
  • High profile corner site in the urban renewal precinct, minutes from the CBD
  • 87m of frontage to Breakfast Creek Road, 81m to Longland Street and 27m to Skyring Terrace
  • Value-add potential through flexible zoning allowing for 25 storeys (STCA)
  • Opportunity to progressively add GFA via the retail pad site in the short-medium term and redevelop the existing tower in the future to capitalise on the high-density zoning
  • Large flexible floor plates of up to 1,300sqm* and excellent natural light
  • Excellent car parking ratio of 1:47
  • Recent CAPEX including ground level upgrade works completed including lobby area activation
  • 100% leased with 3.38 year* WALE offering staggered lease expiries and fixed annual increases
  • Fully leased income of $3,645,413 PA*^

1 Breakfast Creek Road is being offered For Sale via Expressions of Interest closing Thursday 17 March 2022 4:00pm (AEST).

Remember to mention you found this property on DevelopmentReady

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