“Waterloo Junction” mixed use development located at Fortitude Valley in Brisbane
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Property Overview
Waterloo Junction comprised a tavern, large bottle shop, retail shops, a commercial tower and basement parking. Waterloo Junction was purchased on behalf of a private entity from a developer who was seeking to liquidate. The investment was underwritten by a 20-year tavern lease to Coles and a 9-year office lease to Watpac Ltd.
Waterloo Junction is a mix of restored heritage tavern and office space, combined with a new commercial tower and retail space. Waterloo enjoys high visibility and is strategically located in the sought-after urban renewal area of Fortitude Valley and Newstead.
Purchased in a buyers’ market and sold into a buoyant sellers’ market.
D&R Dunworth acted as a commercial buying agent and advisor.