39 James StreetFortitude Valley QLD 4006
Property Details for 39 James St, Fortitude Valley
Last Listing description (April 2023)
JLL and CBRE are pleased to present a 100% freehold interest in39 James Street, Fortitude Valley.
Occupying a large corner site directly opposite the 5-star Calile Hotel, this highly coveted investment represents a truly rare opportunity to acquire a high-quality asset within one of Australia's most tightly held retail precincts.
39 James Street, Fortitude Valleyis being offered for sale by way of an Expressions of Interest campaign closingWednesday 25 May 2022 at 4:00pm(AEST).
First investment opportunity of scale offered to the market since the James Street retailprecinct was established nearly two decades ago - a truly rare opportunity never to be repeated
Residing within one of Australia's most tightly held retail precincts, protected by extremely high barriers to entry and complemented by the highest quality surrounding development
The strong performing centre provides a 7.8-year WALE (byarea) and strong tenant retention fundamentals, further supported by strong fixed annual reviews between 3.00%-4.00%
Rare opportunity to join a highly coveted ownership group within the James Street retail precinctwhich has largely consisted of the same owners since the precincts inception
Arguably the best position on James Street situated on anexpansive 3,301sqm corner site opposite the 5-star Calile Hotel, with 45 metres* of direct street exposure to James Street
Long-term underlying land value underpinned by desirable MU1Mixed Use (Inner City) zoning and significant development potential of up to 8-storeys under the current building code (STCA)
Property History for 39 James St, Fortitude Valley, QLD 4006
- 31 May 2022Sold for $55,000,000
- 05 May 2022Listed for Sale Contact Agent
- 23 Oct 2020Listed for Rent - Price not available
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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