The heritage-listed property at 179 Elizabeth Street Brisbane is under contract to a local private investor for $8.1 million.
The property features a 2,200 square metre building known as ‘Tara House’. The three-storey heritage office building at 179 Elizabeth Street features classic detailing and architectural design.
Currently owned by the Queensland Irish Association, the property was sold by the Association’s liquidators David Clout and Associates.
Knight Frank’s Senior Director of Institutional Sales for Brisbane, Justin Bond, and Associate Director of Institutional Sales for Brisbane, Tom O’Driscoll, managed the sale of the property exclusively.
According to Mr Bond, “The property was formally marketed over the past month, and received multiple enquiries from private investors and developers.”
Mr O’Driscoll said, “This transaction sees its first change of hands in over 97 years. The property has significant cultural heritage and attributes and portrays a very rare offering in Brisbane’s CBD.”