McGees Property Brisbane is pleased to announce the successful off-market sale of the commercial strata holdings at 200/448 Boundary Street, Spring Hill for $5,500,000. The 1,028 sqm* strata investment, anchored by Australia Post, spans three street frontages and includes a rare allocation of 52 secure car parks. The property was sold on behalf of a private investor to an entity associated with two leading surgeons, who will occupy part of the building while the balance offers strong leasing opportunities for complementary health operators.

Transaction Highlights

Property Type: Strata-titled Retail & Medical/Office

Address: 200/448 Boundary Street, Spring Hill QLD

Net Lettable Area: 1,028 sqm* across six tenancies

Land Area (base parcel): 2,735 sqm*

Car Parking: 52 secure undercover bays

Zoning: DC1 - District Centre

Proximity: 150m to St Andrew's Hospital, 500m to Brisbane Grammar Schools & St Joseph's Gregory Terrace, 700m to the planned Olympic Aquatic Centre & Stadium, 800m to Roma Street Station, and 1km to the Brisbane CBD

Seller's Comments

"When I approached Guy to assist with selling this asset off market, he was very quick to establish the value proposition, especially in a rigid Spring Hill market. He presented numerous offers, and we quickly determined that this owner occupier/investor option was best placed to complete the sale in a timely and certain manner."

Agent's Insight

Guy Stafford, McGees Property Brisbane, added:

"Buyers are becoming more educated and better prepared, many are working with advisors and acting quickly after missing out in a competitive market. My role is to stay across these shifts and match the right buyer with the right opportunity so our vendors achieve the strongest outcome, whether on or off market."

Buyer's Agent Perspective

Michael McCullagh, McCullagh Property Group, who acted as the Buyer's Agent, said:

"This acquisition ticks every box: proximity to one of Brisbane's top health precincts, a rare car park ratio, and future growth catalysed by Olympic infrastructure. Importantly, Guy's diligent approach in running a discreet and targeted process meant we were able to secure the right opportunity for our client with speed and certainty."

We would like to thank everyone involved in this transaction for their professionalism and efforts in achieving a strong result for both parties.