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Fortitude Valley, QLD

Fortitude Valley, QLD
Fortitude Valley, QLD
Fortitude Valley, QLD
$13,000,000 purchase price
~7% net yield
1,219 sqm land area
Development, Mixed Use asset class
Post Market method of purchase
transaction overview

Costi Cohen has secured 669–683 Ann Street, Fortitude Valley on behalf of BENTINO, reflecting a net yield of ~7%. The acquisition marks BENTINO’s third Queensland purchase with Costi Cohen in three months and its second in one week.

Originally guiding $18 million, we secured this corner freehold for 28% below the initial guide. The property has been home to The Beat Megaclub for more than 40 years and occupies a prominent position within Fortitude Valley’s established entertainment and hospitality precinct.

Generating approximately $900,000 in net annual income, the asset provides an established income stream from day one while its landmark position within Fortitude Valley offers strong longer-term development potential.

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