240 Brunswick StreetFortitude Valley QLD 4006
Property Details for 240 Brunswick St, Fortitude Valley
Last Listing description (March 2026)
A Landmark Inner-City Development Opportunity in Brisbane's Olympic Growth Corridor
For the first time in a generation, The Waltons Tower site presents a transformative opportunity to acquire a council-flagged landmark asset across seven titles in the heart of Fortitude Valley.
Spanning 238A-250 Brunswick Street, 250 Wickham Street, and 11 Overells Lane, this substantial holding comprises 3,489m of freehold land plus 598m of leasehold land (to 2070)-a total land holding of 4,077m.
Delivered with Vacant Possession, this is a rare "shovel-ready" proposition. Incoming developers can immediately access the site for large-scale repositioning, staged delivery, or comprehensive redevelopment that will reshape the Valley's skyline.
Strategically positioned within the Fortitude Valley Sustainable Growth Precinct, the site adjoins Fortitude Valley Train Station-Queensland's second-busiest rail hub, recording over 2.5 million passenger movements annually.
This is a prime Transit Oriented Development (TOD) site, offering exceptional exposure, unrivalled connectivity, and significant long-term uplift potential.
For the first time in a generation, The Waltons Tower site presents a transformative opportunity to acquire a council-flagged landmark asset across seven titles in the heart of Fortitude Valley.
Spanning 238A-250 Brunswick Street, 250 Wickham Street, and 11 Overells Lane, this substantial holding comprises 3,489m of freehold land plus 598m of leasehold land (to 2070)-a total land holding of 4,077m.
Delivered with Vacant Possession, this is a rare "shovel-ready" proposition. Incoming developers can immediately access the site for large-scale repositioning, staged delivery, or comprehensive redevelopment that will reshape the Valley's skyline.
Strategically positioned within the Fortitude Valley Sustainable Growth Precinct, the site adjoins Fortitude Valley Train Station-Queensland's second-busiest rail hub, recording over 2.5 million passenger movements annually.
This is a prime Transit Oriented Development (TOD) site, offering exceptional exposure, unrivalled connectivity, and significant long-term uplift potential.
Located just over a 10-minute walk from the 2032 Brisbane Olympics precinct, the property is close to the three main venues: Victoria Park Stadium (Herston), National Aquatic Centre (Spring Hill), and the Athletes' Village to be located at the Brisbane RNA Showgrounds.
The site is positioned directly within the 2032 Brisbane Olympic infrastructure corridor, primed to benefit from unprecedented investment and a renewed civic focus on safety, activation, and urban renewal ahead of the Olympic and Paralympic Games.
With more than 30 years of involvement in Fortitude Valley and with this building specifically, I have watched the Valley evolve through every cycle-and opportunities of this scale, prominence, and future potential are exceptionally rare.
The Development Platform
The asset currently boasts 12,640m of existing Gross Floor Area (GFA) across five interconnected buildings.
With massive street frontages to Brunswick Street, Wickham Street, and Overells Lane-plus direct station access via an adjoining walkway-the site offers immediate scale and presence.
A Blueprint for Vertical Growth
Existing Approval: A current Development Approval (DA) for a 30-storey tower provides a strong foundation, allowing for the removal of three internal structures while retaining the key street-front heritage elements that define the building's iconic presence.
Future Vision: Cottee Parker Architects has prepared a conceptual scheme exploring how the retained street-front fabric could support multiple towers rising above the base (STCA) .
While conceptual, the scheme vividly demonstrates the site's capacity to once again become the Valley's most prominent vertical landmark.
Key Investment Highlights
Landmark Status: A council-flagged, iconic building poised to anchor a safer, more vibrant, activated, and people-friendly Fortitude Valley.
Prime TOD Location: Directly beside Fortitude Valley Train Station (Qld's second-busiest hub) with 7,000 pedestrians daily and direct walkway access.
Substantial Landholding: Seven titles comprising 3,489m freehold + 598m long-term leasehold (to 2070)-a total of 4,077m.
Olympic Premium: A 10-minute walk to the new Olympic Precinct, containing the three major venues:
Victoria Park Stadium (Herston)
National Aquatic Centre (Spring Hill)
Athletes' Village (RNA Showgrounds)
The site sits directly in the 2032 Brisbane Olympic infrastructure corridor.
Immediate Scale: 12,640m of existing GFA across five interconnected buildings.
Vacant Possession: No delays-immediate access for redevelopment or repositioning.
Development Ready:
Existing DA for a 30-storey tower.
Property History for 240 Brunswick St, Fortitude Valley, QLD 4006
- 20 Feb 2026Listed for Sale Expression Of Interests Close 12pm 25th March 2026
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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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