113/247 Wickham StreetFortitude Valley QLD 4006
Property Details for 113/247 Wickham St, Fortitude Valley
Last Listing description (December 2022)
Burgess Rawson is pleased to offer to the market, ChaplainWatch located in Fortitude Valley for sale via Private Treaty.
+ New 7 year lease to late 2029 plus option to 2034
+ Long-term tenant: ChaplainWatch, a community service charity and not-for-profit
+ Ratchet clause in place, ensuring the rent can't decrease at option
+ Impressive 158sqm* ground floor lot in the iconic McWhirters building with outstanding exposure to Wickham Street
+ Ideal location in the heart of Fortitude Valley with over $5.5 billion in nearby approved or proposed residential and commercial developments including 310,000sqm* of office space
+ Surrounded by major key infrastructure projects shaping Brisbane, Australia's new world city and host of the 2032 Olympic Games
+ Net Income: $109,121 pa* + GST
To be sold by Private Treaty.
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
Property History for 113/247 Wickham St, Fortitude Valley, QLD 4006
- 12 Nov 2022Sold for $1,775,000
- 11 Jul 2022Listed for Sale Price on Request
- 17 Dec 2008Sold for $1,350,000
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About Fortitude Valley 4006
The size of Fortitude Valley is approximately 1.4 square kilometres. It has 2 parks covering nearly 1.5% of total area. The population of Fortitude Valley in 2016 was 6978 people. By 2021 the population was 9708 showing a population growth of 39.1% in the area during that time. The predominant age group in Fortitude Valley is 20-29 years. Households in Fortitude Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fortitude Valley work in a professional occupation.In 2021, 17.60% of the homes in Fortitude Valley were owner-occupied compared with 21.00% in 2016.
Fortitude Valley has 8,300 properties. Over the last 5 years, Houses in Fortitude Valley have seen a 45.31% increase in median value, while Units have seen a 85.90% increase. As at 30 April 2026:
- The median value for Houses in Fortitude Valley is $1,655,443 while the median value for Units is $770,912.
- Houses have a median rent of $710 while Units have a median rent of $650.
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