Brisbane City, Queensland

Queen's Wharf Residences: MR for sale in historic $3.6 billion Queen Wharf | Resort Brokers ID : OTP008389

Under Contract / Offer

Business Description

This is an unrivalled management and letting rights opportunity of immeasurable scale and quality that boasts a truly exclusive position on Brisbane's River in the heart of the city. Part of the magnificent Casino redevelopment, this extraordinary project delivered by Destination Brisbane Consortium, is set to revolutionise Brisbane's tourism market.

- Management rights for sale in historic $3.6 billion Queen’s Wharf Brisbane development 667 luxury apartments across three tiers:

- high-rise Diamond Residences, mid-rise Ruby Residences and low-rise Emerald Residences.


- Development is 100% sold with a projected range of 350-450 investors in letting pool, representing between 50-65% of apartments
- Queen’s Wharf Residencesistheonly residential tower directly connected totheQueen’s Wharf Brisbaneintegrated resort development (IRD),anhistoricprecinctthat willposition Brisbane as aworld-classtourism, leisure and entertainment destination
- The IRD isthelargestprivate construction project ever undertaken in Queenslandand is being developed byDestination Brisbane Consortium
- Queen’s Wharf Brisbane IRDcovers 10% of Brisbane’s CBD, spanning four city blocks of prime river frontage from Alice to Queen Streets and is directly linked to South Bank viathepedestrianNeville Bonner Bridge.
- Permanent rentals will reset the CBD rental market due to premium grade apartment finishes & amenity
- Body Corporate salary of $1.067M per annum
- Concierge service base salary of $180,000 per annum
- 25-year caretaking and letting agreements under Accommodation module
- Reception, back of house and storage under occupational authority
- Opportunity to lease a retail lot on level 4 for short-stay check in service
- Due to complete by early 2025
- All inspections by appointment only

Date updated: 01 Dec 2024 22:00:06

Business Summary