2,580 sq m
Price on application

118-122 Palmerin Street and 50 King StreetWarwick


    Key features

    • Multi-tenanted commercial investment
    • Iconic two level heritage building
    • Elegant asset with high pressed metal ceilings

    THE GRAND JEWEL – “SMITH & MILLER BUILDING”

    About this property

    •  Current passing income $194,071* per annum
       Land Area 2,580*sq m
       Net Lettable Area 2,640*sq m
       Located in heart of the Main Street of Warwick’s CBD
       Tenants include ASX: (NBL) listed Rivers Australia, Lifeline, James Lister MP, Voyage Gym and Barber Shop
       Principal Centre zoning which includes flexible code assessable uses
       Imposing and impressive grand building with huge exposure to Palmerin Street and King Street
       Directly opposite ANZ Bank
       Income producing investment opportunity in a low interest rate environment
       8 tenancies over two levels, 5 current tenants over 6 tenancies (2 current vacancies)
       Potential annual gross passing income circa $264,000* (when fully leased)
       Invest Southern Downs website is https://investsoutherndowns.com.au/invest/
       Major projects in the region https://investsoutherndowns.com.au/major-projects/
       The Economic Comparison report https://investsoutherndowns.com.au/wp-content/uploads/2018/11/Southern-Downs-Economic-Comparison_web.pdf.


      Contact Exclusive Agents Jason O’Meara or Will Carman of Savills for further information.

      *Approximately

    Available space

    LevelTenancySale TypePriceAreaSqmStatus
    n aExpression of Interest2580.00sq m