SOLD: 152 Queen Street, Brisbane City

Venté Property is pleased to announce the successful sale of 152 Queen Street, Brisbane City – a premium retail asset in the centre of the Queen Street Mall.

Located in the heart of the Queen Street Mall, the building provides for over 600sqm* over three levels, however the retail space is very much centred to just the ground level with unparalleled exposure of 7 metres* of frontage and is leased to The Body Shop Australia. (*approx.)

Located in the Northern precinct of Queen Street, between Albert and Edward Streets, 152 Queen is surrounded by international brands and the highest performing Australian retailers. This section of Queen Street Mall has only two vacancies at this time of this release.

Venté Property undertook a targeted off market process for their private client who has owned the asset since 2006. The targeted approach commenced in May 2024 and completed with successful settlement of the property on Friday 16th August 2024.

“11 bids were received, and a local private investor secured the asset for $14,000,000 representing a passing yield of 3.46%.” said Cameron Taudevin, Managing Director at Venté.

“The purchaser has secured a rare opportunity on the Queen Street Mall which provides great long-term value add opportunities to the property.”
“This is the first Queen Street Mall retail asset to sell in 2024 and represents the second prime CBD transaction our team has managed in the last six months, with strong interest in trophy assets such as this gaining momentum.”

Taudevin started Venté Property in July 2024 noting there was a significant gap in the market to provide elevated property solutions to complex real estate transactions.

For further opportunities or information regarding this deal please contact Cameron Taudevin on +61 439 770 568 or cameron@venteproperty.com.