Significant 3,489sqm Land Holding at 250 Wickham Street, Fortitude Valley

Savills are selling 250 Wickham Street, Fortitude Valley.<br/><br/>The prominent landmark property occupies a key corner location in the heart of Fortitude Valley. The 3,489sq m* site within the core of the Fortitude Valley precinct, benefits from additional frontage Brunswick Street and Overells Lane and access to Alden Street at the rear.<br/><br/>The significant 12,640 sqm existing historic building is a largely underutilised development opportunity with potential to 30 levels.<br/><br/>- Significant 3,489 sq m* land holding within the core Fortitude Valley precinct.<br/><br/>- Located directly adjoining the $500M Valley Metro retail, commercial and residential redevelopment.<br/><br/>- One of the most accessible, well connected locations in Brisbane, less than one kilometre north-east of the CBD, the property enjoys the benefit of Brisbane’s extensive transport network including train, bus, CityCycle and CityGlider with some operating 24/7.<br/><br/>- Under the current Brisbane City Plan the property has significant development upside with an existing code assessable application for a 30-storey mixed-use Educational Establishment, Rooming Accommodation and associated Centre Activities development submitted over the site.<br/><br/>- Heritage appeal.<br/><br/>- Public transport accessibility directly adjoining the Valley Train Station.<br/><br/>- Located on site is the heritage listed ‘Walton’s Building’ which boasts a rich history and characterised architecture.<br/><br/>- Adjacent to world class entertainment/retail amenities and transport infrastructure.<br/><br/>- Brisbane is experiencing significant growth following considerable Public and Private spending on key infrastructure projects across the region in addition to the recent successful tendering of the 2032 Olympic Games.<br/><br/>- Strong underling land value and significant existing improvements<br/><br/>- Significant 12,640sqm existing historic building on site.<br/><br/>- Allowable height up to 30 storeys.<br/><br/>CLOSING DATE FOR OFFERS<br/>4PM WEDNESDAY 17 AUGUST 2022