Colliers Development Site Sales has been exclusively appointed to offer 70–82 Wickham Street, Fortitude Valley — ‘Landmark Brisbane’ is an inner-city development opportunity positioned at a strategic gateway to the Brisbane CBD.
An expansive 2,416m² site with three street frontage sits at the convergence of Brisbane’s CBD, Fortitude Valley and New Farm, placing it at the heart of the city’s most vibrant lifestyle, employment and growth corridors. This opportunity is defined by its immediate access to world-class amenity, transport connectivity and burgeoning urban infrastructure.
The site benefits from prominent position with excellent 360-degree view corridors including uninterrupted views across the adjoining park to the Story Bridge and Brisbane River as well as the iconic city skyline.
The property is located moments from Howard Smith Wharves, Brisbane’s premier riverfront dining and entertainment precinct. Importantly, the site sits within the Brisbane 2032 Olympic and Paralympic Games precinct, approximately a 15-minute walk from the Victoria Park Olympic precinct.
This positioning places the opportunity at the centre of once-in-a-generation infrastructure investment, global exposure and accelerated urban renewal. The site is zoned PC1 – Principal Centre (City Centre), permitting a wide range of development outcomes including residential (Build-to-Sell and Build-to-Rent), hotel or serviced apartments, and retail/commercial uses. The property improved by a two-storey retail and commercial complex comprising 3,465m² of NLA, providing holding income prior to redevelopment.
The site is code assessable to 25 storeys, however, surrounding precedent as well as the recently released Fortitude Valley Sustainable Growth Precinct Plan proposes increased density supporting potential for 40+ storeys (STCA), offering genuine scope for upside and a world-class development outcome.
Concept plans have been prepared by renowned architects Cottee Parker for striking residential schemes outlining 25 and 40 storeys, which yield 350+ apartments on both a build to sell and build to rent basis (STCA).
The immediate area is experiencing rapid gentrification, with high-end redevelopments underpinning the inner-city lifestyle.
Growth in the market is driven by booming population growth, a critical undersupply of inner-city apartments, sub-1.0% vacancy rates and new residential values achieving $20,000+ per square metre (NSA). This demand profile, combined with Olympic-led infrastructure and CBD proximity, positions the site as a compelling opportunity for domestic and offshore capital.
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