118 Vulture StreetSouth Brisbane QLD 4101
Property Details for 118 Vulture St, South Brisbane
Last Listing description (November 2020)
CBRE has the exclusive pleasure of offering 118 Vulture Street, South Brisbane For Sale via an on-site Auction on Thursday the 18th of February, 2016 at 10.30am.
The opportunity features a 385 sqm building 'Torlano' on a 1,193 sqm site on the corner of Vulture and Browning Streets. The converted Federation Home is fully leased to quality commercial tenants with a long history of tenure on site. The property features a terrific car park ratio of 1:22 (NLA). "Torlano" is located close the Brisbane State High School, in the heart of the Queensland cultural and entertainment epicentre - South Brisbane.
Key investment considerations:
Net Lettable Area: 385sqm
Car Parks: 17 - 1/22sqm of NLA
Tenants: Queensland Affordable Housing Consortium and SAAS Accounting
Free-standing assets in South Brisbane are increasingly rare to acquire and the sale represents a once in a generation opportunity to acquire a fully leased investment in South Brisbane. With one of the lowest near city office vacancy rates in Australia coupled with intense residential and infrastructure development, South Brisbane continues to be the premier investment market in Brisbane.
Please contact Lachlan Tully or Callum Short for further information.
Property History for 118 Vulture St, South Brisbane, QLD 4101
- 05 May 2016Sold for $2,050,000
- 08 Dec 2015Listed for Sale Contact Agent
- 12 Oct 2007Listed for Rent - Price not available
Recent sales nearby
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0About South Brisbane 4101
The size of South Brisbane is approximately 2.3 square kilometres. There are 14 parks, covering nearly 12.6% of the total area. The population of South Brisbane in 2016 was 7196 people. By 2021 the population was 14292 showing a population growth of 98.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation.In 2021, 27.40% of the homes in South Brisbane were owner-occupied compared with 29.60% in 2016.
South Brisbane has 10,566 properties. Over the last 5 years, Houses in South Brisbane have seen a 27.88% increase in median value, while Units have seen a 77.69% increase. As at 31 August 2026:
- The median value for Houses in South Brisbane is $1,760,969 while the median value for Units is $945,447.
- Houses have a median rent of $793 while Units have a median rent of $810.
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