9 Hercules Street, Hamilton, Queensland

Another profitable project from the Reid property group.

PROJECT SUMMARY

Commercial Refurbishment

Public Company tenant secured
Conversion from Industrial to Commercial Office
Completion of $4.5m refurbishment

Project Status

Completion of capital works in record time
On time and on budget

SOLD

Investor Participation

Nil Investors

On Completion Value represented
a 73% Project Profit

Major Commercial Refurbishment Adjacent to Brisbane’s new Cruise Port Terminal, Hamilton. Over 2000m2 of commercial office space plus off street parking for approximately 40 cars. Purchased in 2006, Refurbished in record time for APN Newspapers in early 2007. Balance of approximately 300m2 ground floor tenancies refurbished in 2008. This was a significant project, being implemented under a new system of streamlined management and reporting.
 
The entire building was effectively returned to a shell, with new electrical, mechanical, and plumbing throughout. Original face brick internal walls were re-exposed, additional upper flooring was poured at the front of the building. New stairs, a generator and a lift were installed, and an extremely high quality fit-out was introduced including C-Bus wiring for the incoming tenant APN Newspapers, a division of the publicly listed APN Group, who by 2010 occupied the entire building excluding a small coffee shop.

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