40 Elizabeth Street, Brisbane

40 Elizabeth Street - Artistic Sketch

40 Elizabeth Street, Brisbane

The vacant land situated at 40 Elizabeth Street, Brisbane was purchased in January 2008 for a major hotel development. The site is centrally located in the block bounded by George and Albert Streets and the Queen Street Mall and is situated one property removed from the busy intersection of George and Elizabeth Street. Abutting the subject property to the north is the Myer Centre, one of Australia's largest inner city shopping complexes incorporating multi level car park, cinemas, Brisbane City Council bus interchange, Myer department store, food court and over 170 specialty stores.

A 4-star Hotel containing 316-rooms within 27-levels is currently under design and planning with completion due in early 2010. The new hotel development will have street access from Elizabeth Street with the Conrad Treasury Casino located directly opposite this property. The surrounding precinct has been significantly enhanced with the completion last year of Brisbane Square, a 37 storey office tower and podium of 36,500 sqm accommodating Brisbane City Council's offices and library along with retail facilities and public plaza providing a linkage from the Queen Street Mall to the Victoria Bridge, Southbank Parklands and Convention Centre. Also in the vicinity, are a number of Queensland State Government buildings including the Executive Building and Parliament House whilst the Queensland University of Technology, Brisbane's second major university campus is located nearby at the end of George Street. Residential development has also become a feature of the area with Devine's Casino Towers being the latest project to be completed. Elizabeth Street is a busy one way street that feeds in both directions from the Riverside Expressway, the main distributor to the western and southern suburbs and the Inner City Bypass. It also provides easy pedestrian thoroughfare to the commercial district ensuring very high levels of pedestrian traffic daily. The property is also located in close proximity of Brisbane's Central Train station and Roma Street stations, South Brisbane station, Bus One, City Cats and Ferries.