Fringe Brisbane CBD properties continue to trade in the COVID-19 market, with over $40 million transacting in the past 3 months.

Humanity Place at 49-57 Park Road, Milton recently settled at $13 million to interests associated with Nicholas and Alesia De Luca of Hawthorne, Queensland. Humanity Place is a three-storey building which was completed in 1980. It has a building area of 2,638 sqm and parking for 57 cars over the basement and part of the lower ground floor. It has been occupied by the Australian Red Cross since 2005 and they have committed to leasing 60% of the building for at least a further five-year term. 

The Red Cross bought the property for just over $5.1 million in 1995. 

Also on the fringe and selling for the first time in 25 years is 342 Wickham Street, Fortitude Valley, which has sold for $11.5 million. 342 Wickham Street is a two-storey, 1,244 sqm office building with car parking for eight vehicles. The building is occupied by The Buchan Group Architects, currently on a lease until November 2024.

The property was bought by N G P Investments (No 2) Pty Ltd, a company ultimately associated with New South Wales based, Nicholas Politis, Anthony Politis and Erin Booker.

It last traded at $925,000 in October 1995.