Brisbane CBD building sells for $6 million
A three storey retail building in the heart of the Brisbane CBD has sold under the hammer for $6 million.
Tenanted by popular new Asian restaurant, the Malaya Corner, the property at 157-159 Elizabeth Street, Brisbane, attracted five bids at the auction before being snapped up by a local private investor.
Malaya Corner is one of three tenants in the building. It also houses the established Maru Korean restaurant on the first floor and the lower ground floor tenancy is occupied by the City Camping and Disposals store.
Ray White Commercial Queensland director of sales, John Dwyer, sold the property on behalf of private investors, who have owned the property since 1980.
Mr Dwyer said the building offered a net lettable area of about 875 square metres.