Stones Corner, QLD

The property is a freestanding retail complex comprising 8 individual shops with frontage to Logan Road, and frontage to Stoneham Lane. The Brisbane City Council is endorsing a Stones Corner rejuvenation program through The Eastern Corridor Neighbourhood Plan anticipated to be adopted by mid 2011. The plan is actively seeking re-development in the property6 location which under proposed guidelines would indicate a re-development potential to 8 storeys of mixed retail commercial and residential development.

The building has side access shared adjoining the Stones Corner Hotel offering ease of access from the frontage to the rear tenancies and visual exposure to Old Cleveland Road.

The site comprises 1225 m2 of land offering an excellent opportunity for further development in the future. There are currently 2 vacant shops, one on the Logan Road frontage and second on the rear Stoneham Street frontage. The property has an estimated fully leased net income of approximately $390,000 p.a. with a current passing net income of approximately $293,000.

Location:
Logan Road at Stones Corner, between Woolloongabba and Coorparoo, is a vibrant inner city Brisbane iconic destination. The precinct has evolved as a boutique fashion brand destination for Brisbane, becoming featured in numerous tourism and travel websites as a “must visit” for the Brisbane traveler or resident.

For further information on this property please contact Glenn Conridge on 0413 873 337
or gconridge@ljhc.com.au

Reff ID: 1389772 GC