608 Wickham StreetFortitude Valley QLD 4006
Property Details for 608 Wickham St, Fortitude Valley
Last Listing description (July 2021)
This quality commercial property investment offers:
2. Low commercial rents offering substantial future income growth;
3. Fully refurbished commercial component underwriting 60% of the income;
4. Ability to also reposition the residential component and further increase income;
5. Opportunity for future redevelopment to 10 levels (STCA);
6. A net income stream after all outgoings are paid by the tenants with an ROE in excess of 8% on the vendors asking price;
7. Cash flow positive from Day 1. Not negative cash flows like most residential investments;
8. Freehold ownership - No body corporates to deal with. No strata-title. Just you making your own decisions.
Closing date for offers: Friday June 25 2021
Contact Stephen today for the DD Pack.
Property History for 608 Wickham St, Fortitude Valley, QLD 4006
- 25 Jun 2021Sold for $2,200,000
- 23 May 2021Listed for Sale $2,200,000 ono.
- 16 Nov 2020Listed for Sale Please 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 8,307 properties. Over the last 5 years, Houses in Fortitude Valley have seen a 15.14% increase in median value, while Units have seen a 85.59% increase. As at 31 March 2026:
- The median value for Houses in Fortitude Valley is $2,100,929 while the median value for Units is $761,576.
- Houses have a median rent of $700 while Units have a median rent of $650.
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