130 Commercial Road, Teneriffe (QLD)
130 Commercial Road is located in the suburb of Teneriffe (2km from Brisbane CBD) forming part of the Urban Renewal Precinct, which was transformed in the early 1990’s from an undesirable, predominantly industrial area to a thriving, highly sought-after location which offers a high level of local amenity. 130 Commercial Road is one of seven original Woolstores in Teneriffe, offering 4,097sqm of converted office space.
The property is currently multi-tenanted, anchored by Nova FM and complemented by government and other small to medium size enterprise (SME) tenants. This asset marks Vantage’s first acquisition outside Victoria.
Date Acquired:
September 2022
Purchase Price:
$28,625,000
NLA:
4,097sqm
Direct Rate:
$6,987/sqm