logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Investment Management)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Agribusiness
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Industrial & Logistics
      • Office
      • Residential
      • Retail
      • Retirement & Healthcare
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt and Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Accounting & Reporting Solutions
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Facilities Management
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Insight
    • Australia Research
      Asia Pacific Research
      Global Research
      Expert Opinions
      Talking Property Podcast
  • People & Offices
    • Pacific Executive Committee
  • About CBRE
    • [email protected] - LGBTQI+ Inclusion
      Careers
      Case Studies
      Client Tools
      Corporate Information
      Environmental, Social and Governance
      Investor Relations
      Media Centre
      Reconciliation
      The Place Makers

Previous

Press Release
Fife switches MAN diesel dealer into gear in Yennora

Next

Press Release
Major cropping opportunity arises in South Australia's mid-north
  • Home
  • About CBRE
  • Media Centre
  • Brisbane's fringe markets gain pace with premier dealership sale

Brisbane's fringe markets gain pace with premier dealership sale

Brisbane | 29 August 2017
  • Email
  • Share
  • Tweet
  • Share
One of Brisbane’s most well-known automotive dealerships in Fortitude Valley - the city’s luxury car hub - has been listed for sale in a move expected to generate widespread interest, both domestically and off-shore. 
 
CBRE’s Peter Court, Mike Walsh and Tom O’Driscoll, in conjunction with Glen Wright and Nick Spiro of Cushman & Wakefield, have been exclusively appointed to market the 570-586 Wickham Street property, which is home to the Audi Centre and Euro Marque dealership. 
 
Positioned on a 7,123sqm site, the modern, state of the art showroom facility is leased to the ASX-listed Auto Sport Group until 2026 (with further option periods). 
 
Mr O’Driscoll said the property represented one of the most compelling long term investment opportunities to hit the market in Brisbane’s fringe for several years. 
 
“The opportunity to acquire Audi Centre Brisbane and The Euro Marque complex signifies one of the most high profile investment opportunities to be offered for sale formally in Brisbane for some time,” Mr O’Driscoll said. 
 
Mr Walsh also added: “The words blue chip, trophy and iconic are often over-used, but could not be more symbolic of this offering, with its cutting edge design and prime location underpinning the asset’s significant presence in the local market.” 
 
Mr Walsh said the premium facility offered an outstanding opportunity to acquire a substantial foothold in the growing Fortitude Valley area. 
 
“Fortitude Valley has continued to flourish from ongoing population and commercial growth in recent years, to become one of Brisbane’s strongest performing precincts, home to a number of powerful global automotive brands such as Audi, Lamborghini, Bentley and Maserati,” Mr Walsh said. 
 
“The attractive tenancy profile, being an ASX-listed tenant on a highly coveted and rare triple net lease structure, in addition to the underlying land value, will ensure strong interest from a range of groups.” 
 
The property also offers future development potential, with scope to accommodate a 20-level project. 
 
Cushman & Wakefield’s Glen Wright commented: “With Brisbane’s inner city population growing strongly, this property’s development upside is another key attraction, with it presenting an opportunity for further value-add in the future.” 
 
The property consists of two adjoining, purpose built automotive dealerships identified as Lighthouse, built in 2011, and the Euro Marque building, built in 2006. The property benefits from triple street frontage onto Wickham, Light and Hynes streets and is situated less then 2km from the Brisbane CBD. 
 
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Contact Us

$name
Natasha Pierson
Associate Director, Communications
Australia
+61 405 260 978
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Global Web Privacy and Cookie Notice
  • Whistleblower Policy
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • Youtube