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Patona Property

86 Brookes Street,
Fortitude Valley

The sale of 86 Brookes Street, Fortitude Valley for $5,300,000, reflects a rate of $7,571/sqm on NLA.

86 Brookes Street is a 2-level commercial office building with an impressive 15 on-grade and basement car bays. Situated on a corner 506sqm land holding, the building enjoys excellent natural light and exposure to passing traffic.

The buyer - who had been operating on Robertson Street in Fortitude Valley for the past 17 years - has plans to undertake a significant refurbishment of the asset to transform it into a modern
medical facility.

Address

86 Brookes Street, Fortitude Valley

Asset Summary

Land Area: 506sqm
NLA: 700sqm (approx.)
Zoning: MU1 Mixed Use (Inner City)

Transaction Metrics

Sale Price: $5,300,000
Sale Rate / Sqm (Land): $10,474/sqm
Sale Rate / Sqm (NLA): $7,571/sqm