Colliers are pleased to present to the market a prime value-add retail investment property located at 13-17 Ellenborough Street in Ipswich for sale via an Expression of Interest process.
The four character buildings sit on a 2,373m² 4 lot amalgamation in the centre of South East Queensland western CBD. Passing income is provided from 4 tenants with significant scope to improve the income potential through the repositioning and tenanting of the vacancies.
The property had received an approval for a multi-level commercial and apartment project. With favourable zoning and attractive physical characteristics of the land this site presents an exceptional opportunity to capitalise on the current buoyant conditions or acquire a land bank with holding income.
Ipswich is a principal regional centre, which is strategically located 31* radial kilometres south west of Brisbane’s CBD, in the highest growth area of South East Queensland. Traditionally a strong manufacturing and logistics base, the CBD provides essential services to a broad catchment area across the Western Corridor region. The property is surrounded by major office buildings, high traffic retail centres, hospitality premises, Ipswich General and St Andrew’s Private Hospitals including numerous medical services enterprises.
The key investment attributes include:
• Stunning character retail property
• Passing income with opportunity to significantly improve
• 2,373m² 4 lot CBD land parcel
• DA for mixed use development project
• Top of Town zoning
• Rare opportunity in tightly constrained prestige market
13-17 Ellenborough Street Ipswich is offered for sale by Expressions of Interest closing 4:00pm, Thursday 12 May 2022. For further information please contact the exclusive marketing agent listed below.
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