51-53 Godwin Street, Bulimba, QLD 4171

RWC Queensland and RWC Gateway are pleased to exclusively offer for sale in one line by public auction, 51-53 Godwin Street, Bulimba QLD.

This is a unique opportunity to purchase a freehold asset within the tightly held Godwin Street Precinct being offered for the first time in 25 years.

The Auction is to be held in rooms at Level 26, 111 Eagle Street, Brisbane on the 14th of December 2023 at 4pm (AEST).

This property features the following:

• A combined 1,002 sqm* of site area over two (2) titles with a wide 40 metre* frontage to Godwin Street accessible by multiple concrete crossovers

• Currently improved with two (2) office/warehouse buildings with a total building area of 877 sqm* over two (2) levels

• The warehouses offer between six (6) to seven (7) metre* internal height

• A total of eight (8) off-street car parks plus street parking

• Currently fully leased to two (2) long standing tenants returning a gross income of $207,024.60 ($236 per sqm of building area)

• No. 51 is leased to Le Mans Motors until 30/09/2025 with a 1 year option. The tenant has occupied the premises for 16 years

• No. 53 is leased to Canfield Plumbing until 01/11/2025 with a 1 year option and includes an early termination clause with six (6) months' notice to the tenant providing an opportunity to own and occupy the premises

• The property is zoned as "Low-medium density residential (2 or 3 storey mix)" under the Brisbane City Plan

• Short walk to Oxford Street, one of Brisbane`s premier high streets boasting a high level of amenity with significant retail and service offerings

• Bulimba is serviced by both bus and ferry public transportation services and enjoys easy access to the Brisbane CBD and Gateway Motorway

• This property offers an opportunity for investors and owner occupiers as well as land bankers, due its excellent development upside

We must stress that an opportunity to purchase a freehold holding in this precinct does not come along too often and the vendor has clear instructions to sell.

For further information, please contact the exclusive selling agents John Dwyer on 0439 034 010 or Ben Sands on 0432 547 164.

* Approximately

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