The CBRE Hotels team of Glenn Price, Daniel Dragicevich, and Darren Collins have sold the Lantern Hotel Group's Real Estate on Ann Street, Fortitude Valley.
CBRE Hotels were excited to bring to market the freehold investment interest in the GPO Hotel Fortitude Valley, Brisbane on behalf of Lantern Hotel Group.
Features of the sale include:
- Iconic and rare Fortitude Valley freehold building on a prominent 956sqm* corner site
- Leased until 2019 with 4 x 10 year options
- Current income of $341,106* per annum with fixed 3.5% annual increases
- Flexible zoning for future uses retail, residential, office
- Potential for increased density subject to council approvals
- Perfectly positioned in the heart of Brisbane's most cosmopolitan lifestyle and entertainment precinct
To request further information regarding this sale please contact the exclusive agents.
For sold details, please email the agent below.