Retail
Brisbane CBD, QLD
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Property Address: 152 Queen Street
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Property Type: Three-Level Retail Building
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Sale Price: $14 million
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Lessee: The Body Shop Australia
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Property Size: Over 660 square metres of net lettable area
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Frontage: 7 metres
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Yield: 3.36 percent
Comment: The sale of this prime retail property on Queen Street Mall for $14 million highlights the growing confidence in Brisbane’s CBD retail market as the city recovers from the Covid pandemic. The property’s strategic location between Albert and Edward streets, surrounded by international brands, makes it a rare and valuable investment. The low yield of 3.36 percent reflects the property’s status as a trophy asset in a high-demand area, where foot traffic and leasing activity are on the rise. The new owner sees long-term value in the growth story of Brisbane’s CBD, making this a “set-and-forget” opportunity with potential for future value-add developments.
McGees Property Brisbane is managing the Brisbane Arcade next to this building, 160 Queen Street. And currently we have some opportunities available