Under Contract

Freehold and Business

Welcome to Brisbane's Newest Hot Spot - Petrie Terrace, Brisbane. An opportunity awaits for astute buyers and investors seeking a share of the lucrative tourism market. This prime commercial property is situated on a prominent corner position within 150 metres of the vibrant Barracks retail and commercial precinct, Caxton Street, Suncorp Stadium and Roma Street railway and coach station; just 10 minutes walk from the heart of Brisbane's CBD.

Currently operating as Banana Benders Backpackers, the premises offer a variety of accommodation options with a capacity of up to 80 people across 21 rooms. Included with the business is a liquor licence. The close proximity of the CBD, cafes, restaurants, bars, sporting venues, major roads and transport hubs makes it highly attractive to backpackers and short-term visitors to Brisbane.

Implementation of the new City West plan (available on the Brisbane City Council Website) will facilitate new development in the neighbourhood and boost the site's amenity. Hold or develop the site (STCA)

For more information (Information Memorandum) Contact Steve Waters 0413 83 47 47

- 120 Petrie Terrace first time offered to the open market in over 27 years
- 118 Petrie Terrace first time offered to the open market in over 16 years
- Prime street frontage on Petrie Terrace and the corner of Jessie Street
- 500m to Brisbane River, Southbank and Roma Street Parklands
- Easy walking distance to The Barracks retail and commercial precinct, Caxton Street and Suncorp Stadium
- Solar panels to minimise utility costs
- Accommodation for up to 80 persons as follows:
13 x 4 bed rooms, 1 x 3 bed room, 1 x 6 bed room, 1 x 9 bed room and 5 x 2 bed private rooms
- Liquor licence
- Close to major transport hubs and easy access onto freeways
- Views to Mt Coot-tha
- Existing well-established (27 Years) business, Banana Benders Backpackers - www.bananabenders.com
- to be sold as an ongoing concern

21 8 1
Suburb Petrie Terrace
Address 118 & 120 Petrie Terrace
State QLD
Property Type residential
Property ID 290
Category House
Land Area 620 m2
Floor Area 640 m2

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Steve Waters

0413 83 47 47
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