123 Melbourne StreetSouth Brisbane QLD 4101
Property Details for 123 Melbourne St, South Brisbane
Last Listing description (November 2021)
JLL's Metropolitan Sales & Investments Team is pleased to present to the market an exceptional investmentopportunity in the heart of South Brisbane with repositioning/redevelopment upside.
Ideally positioned along the main arterial through South Brisbane, and benefitting from three street frontage including onto vibrant Fish Lane, 123 Melbourne Street is tenanted by ASX listed covenant Commonwealth Bank (ASX:CBA).
The favourable net lease structure with fixed annual increases provides theincoming purchaser with security and prospects of future upside potential.
123 Melbourne Street, South Brisbane, is being offered for sale via Public Auction to be held onsite Wednesday 22 September 2021 at 10:30am (AEST).
Secure investment opportunity leased to ASX:CBA until October 2024
Favourable net lease structure providing $321,300* per annum plus GST with 3.5% fixed annual reviews
Functional single level building with unrivalled exposure to Melbourne Street
Ideally located in the heart of South Brisbane's thriving mixed use precinct
Beneficial three street frontage to Melbourne Street, Cordelia Street and Fish Lane
Flexible PC1 Principle Centre Zoning accommodating a range of end uses
*Approximately
Property History for 123 Melbourne St, South Brisbane, QLD 4101
- 11 Oct 2021Sold for $7,000,000
- 25 Aug 2021Listed for Sale Please Contact Agent
- 19 Oct 2017Sold for $6,005,000
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 10,546 properties. Over the last 5 years, Houses in South Brisbane have seen a 54.93% increase in median value, while Units have seen a 91.40% increase. As at 30 April 2026:
- The median value for Houses in South Brisbane is $1,883,136 while the median value for Units is $969,453.
- Houses have a median rent of $795 while Units have a median rent of $800.
Suburb Insights for South Brisbane 4101
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