39 & 49 Sherwood Road, Sherwood

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PACE Property proudly manages two key properties in the heart of the Sherwood Road Toowong precinct.

Overview

These properties, owned by the one private investor, represent key sites in an area that is destined to see significant change in the coming decades as Toowong realises its potential as one of Brisbane’s “Major Centres” as identified under the Brisbane City Plan.

39 Sherwood Road, Toowong

39 Sherwood Road is an 11 storey office building with 3 levels of basement car parking below and a retail arcade to ground level.

Major tenants include Queensland College of Teachers, Sekisui House Australia, MPN Consulting, Ingram Micro, i3 Consulting, Sarina Russo and Centrecare.

PACE oversaw the full refurbishment of ground level retail arcade as well as installation of 2 new elevators in 2012. Part of the retail arcade refurbishment included the development of the popular CJ’s Fusion Cafe & Restaurant with outdoor dining area.

49 Sherwood Road, Toowong

A 6 level office building with multiple retail tenancies on ground floor and two level car park to the rear. The site extends from Sherwood Road through to Lissner Street and represents significant future development potential, particularly considering the increased building height limits of the Toowong Local Plan.

The building’s major tenant is Ray White Toowong who occupies the majority of level 2 for their residential sales and marketing division as well as a ground floor tenancy with frontage to Sherwood Road which houses the residential property management team.

PACE Property is proud to have achieved a current occupancy rate of 95%, despite tough conditions in the Brisbane fringe office leasing market.

PACE has overseen a complete overhaul of the elevator plant in 2008, full bathrooms , common area foyers and external refurbishment in 2011 and is currently working on plans to refurbish the ground floor entry and retail arcade expected to be completed in late 2013/ early 2014.