198 Wickham StreetFortitude Valley QLD 4006
Property Details for 198 Wickham St, Fortitude Valley
Last Listing description (March 2024)
Raine & Horne Commercial are pleased to present to market this fully-tenanted investment, occupying a prime location within the Fortitude Valley entertainment precinct.
Key Features:
207sqm* regular shaped allotment
Triple net lease returning $252,689*pa + GST with 4% annual increases
Current lease expiring April 2028 with options to 2043
Long-term tenant in place for past 12 + years
Substantial capital investment spent on fit out and building works being fully refurbished in 2016
Unique character commercial aesthetic
Property has a successful 60 year history for its current use
High exposure to major thoroughfare of the city fringe
Freehold investments remain tightly held across the Brisbane city fringe with opportunities to secure high performing assets few and far between. Do not miss your chance to secure this historical holding offering significant stable returns and a prominent position across Brisbane's traditional cityscape.
For further information and to receive a copy of the Information Memorandum, contact your exclusive Raine & Horne Commercial agents.
Listing ID: 21442931
Property History for 198 Wickham St, Fortitude Valley, QLD 4006
- 08 Feb 2024Sold for $2,870,000
- 27 Oct 2023Listed for Sale Auction In-Rooms & Online - 30 November 2023
- 22 Feb 2023Listed for Sale Contact Agent
Recent sales nearby
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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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