Search

Patona Property

50 Cleveland Street,
Stones Corner

50 Cleveland Street, Stones Corner sells for $6,500,000.

Patona Property is pleased to announce the successful sale of 50 Cleveland Street, Stones Corner for $6.5 million. The result reflects a strong rate of $6,256/sqm on net lettable Area (NLA).

The campaign generated significant interest with totaling 70 enquiries, 15 groups inspecting the asset and 5 written offers received at the close of the campaign.

The purchaser was attracted to the existing improvements, development upside and highly desirable location. These attributes strategically position the asset to benefit from Brisbane’s ongoing urban growth and development trajectory.

Address

50 Cleveland Street, Stones Corner

Asset Summary

Land Area: 1,214sqm
NLA: 1,039sqm (approx.)
Zoning: DC2 District Centre

Transaction Metrics

Sale Price: $6,500,000
Sale Rate / Sqm (Land): $5,354/sqm
Sale Rate / Sqm (NLA): $6,256/sqm