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Bowen Hills Properties

On 24 September 2018, Hudson proposed to acquire two commercial properties in Bowen Hills Queensland which are presently subject to leases. The Directors have considered the Company's current property portfolio and have identified that the Bowen Hills Properties as providing an opportunity to acquire additional property assets which in the Directors opinion will provide further revenue stream, have an appreciating value and high development potential.

  • Land size – 2,022m2

  • Brookes Street frontage – 40.2 meters approximately

  • Exhibition Street – 40.2 meters approximately

  • Existing lease income of $560,000 gross p.a.

There is potential of high rise commercial tower development.

Conceptual Commercial Design

  • The Bowen Hills Properties are located within the Bowen Hills UDA Development Scheme announced by the QLD State Government. The property is within the RNA Showground precinct, close to the $2.9 billion masterplan development announced by Lend Lease.

  • 41-43 and 47 Brookes Street are strata titled units with short to medium leases, are unencumbered and are being held for future development.

  • The Company is in the process of lodging a development application for a 24 storey mixed use building to Economic Development Queensland (EDQ).

  • EDQ have recently rezoned the area in which the property is located from 12 to 24 storeys, and to plot ration from 3.0 to 6.0