Historic building next to Brisbane’s CBD up for sale for the first time since it was built in 1930

• The property was built in 1930 and has been held by the same entity for as long as records show
• Occupied by medical centre Brisbane Clinic, it has 1,009sqm of gross floor area on a 562sqm site
• The property is being sold with a leaseback to Brisbane Clinic, providing significant holding income
• The property is being marketed for sale via an Expressions of Interest campaign run by Knight Frank

 A heritage asset in Brisbane’s inner city is officially coming to the market for the first time since it was built in 1930.

The property at 79 Wickham Terrace in Spring Hill, known as ‘Lister House’, comprises a three-storey medical/commercial asset with six onsite car parks and an internal lift.

Occupied by medical centre Brisbane Clinic, the asset boasts 1,009sqm of gross floor area on a 562sqm site, which has dual access points from both Wickham Terrace and Cousins Lane.

The asset is being taken to the market via an Expressions of Interest campaign run by Knight Frank agents Hayden Ryan, Jacob Heinke and Blake Goddard on behalf of the vendor.

The property is being sold with a leaseback to Brisbane Clinic.

Mr Ryan said Lister House was one of the most historic assets Brisbane has to offer.

“79 Wickham Terrace offers investors and owner occupiers the opportunity to acquire a high-quality commercial asset on the outskirts of the Brisbane CBD,” he said.

“Given the current lack of stock on the market in the city fringe, we expect strong interest from local and interstate purchasers.

“The leaseback to Brisbane Clinic will provide a purchaser substantial holding income from a long-standing occupier, with the property also having strong growth prospects given it’s strategic location along Wickham Terrace.”

Mr Heinke said Lister House occupied a strategic high exposure position on the edge of the Brisbane CBD.

“The history of Lister House and its association with the development of specialist medicine in Queensland, now presents a once in a generation opportunity for new ownership.

“Having withstood the test of time, caring for Queenslanders since 1930, Lister House is now available for a new chapter in its history. The hope is that it can carry on its long legacy and continue to be serving Queenslanders in a medical or other capacity.

“Spring Hill has long been known as an extension of the Brisbane CBD by virtue of its bordering location and mix of office, residential and accommodation development.

“79 Wickham Terrace benefits from being situated on one of the main thoroughfares in Spring Hill and is situated within 1 kilometre of St. Andrew’s War Memorial Hospital and Brisbane Private Hospital.”

The Expressions of Interest campaign for 79 Wickham Terrace, Spring Hill closes at 4pm (AEST) on Wednesday, 22nd May 2024.

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