Brisbane property Archives - Fortitude Valley News

Spring Hill’s Madison Tower Mill Hotel Sells for Reported $28.6 Million

The Madison Tower Mill Hotel at 239 Wickham Terrace in Spring Hill has sold for a reported $28.6 million to Samdoo Corporation, the Kim family-owned group behind two Hotel Diana properties in Brisbane.

HTL Property handled the sale on behalf of Madison Hotel Group, with Andrew Jackson, Nic Simarro and Glenn Price managing the campaign.

More than 175 enquiries were received before nine formal offers were submitted. Interest came from local and interstate investors, offshore-backed groups and established pub operators.

Samdoo Corporation owns Hotel Diana properties in Woolloongabba and South Brisbane. The acquisition was supported by private family investment originating from South Korea.

Circular Madison Tower Mill Hotel on Wickham Terrace — *Photo Credit: HTL Property*

Circular Spring Hill Hotel Has 70 Rooms

Built in 1966, the nine-storey circular building operates as a 3.5-star hotel and contains 70 guest rooms with private balconies.

The accommodation has recently been refurbished. A hospitality venue on the ground floor includes a sports bar and 14 gaming machines.

The hotel occupies a 1,462 sqm freehold site beside Wickham Park, near the edge of the Brisbane CBD. It is also within walking distance of the Golden Triangle, Suncorp Stadium and Roma Street Parkland.

The site has mixed-use zoning, with the sale listing identifying potential for high-density redevelopment subject to approval. No redevelopment proposal or change of use was confirmed as part of the transaction.

Nine-storey hotel exterior in Spring Hill — *Photo Credit: HTL Property*

Madison Tower Mill Hotel Faces Old Windmill

The Madison Tower Mill Hotel stands opposite the Old Windmill, which was built in 1828 and is Brisbane’s oldest surviving building.

When the hotel opened, it included one of Brisbane’s early elevated or rooftop restaurants. Its circular design and rooftop level remain distinguishing features of the Wickham Terrace building.

The hotel later became associated with the 1971 Tower Mill protests during the South African Springboks rugby union tour.

The all-white Springboks team stayed at the hotel during the tour, prompting protests outside the property. The events ultimately led to a state of emergency being declared in Queensland.

Published 16-July-2026

Fortitude Valley Car Park Site Could Make Way For Nine-Storey Office Tower

Photo Credit: DA/A007011538

A Fortitude Valley car park on a long-unused inner-city block could be transformed into a nine-storey commercial office tower, with plans lodged for the corner of Ann and Chester streets.

Nine-Storey Proposal For Ann Street Site

Consolidated Properties Group has lodged plans for a commercial-led mixed-use development at 925 to 927 and 949 Ann Street, covering a gateway corner site in Fortitude Valley.

The block was formerly used as a service station and has operated most recently as a Wilsons car park. It has stood nearly empty for about two decades, with earlier proposals for the site not progressing to construction.

The latest plan would deliver a nine-storey office tower with ground-level retail, landscaped areas and a publicly accessible entry plaza. Designed by Blight Rayner Architecture, with landscape design by Urbis, the proposal includes about 11,856 square metres of gross floor area on a 2,335-square-metre site.

The building would sit above two basement levels and reach about 46.65 metres to roof level.

Fortitude Valley office tower — *Photo Credit: DA/A007011538*

Earlier Fortitude Valley Plans Reworked

The Ann Street site has been the subject of several previous development ideas.

A 2017 proposal by Kenlynn Projects involved a 15-storey office tower with 13,630 square metres of gross floor area. Before that, a hotel proposal was put forward in November 2013, followed by a mixed residential and hotel scheme in February 2015 that included 42 apartments and 70 hotel rooms.

The current proposal takes a lower form than the earlier 15-storey office plan, while increasing floor plate sizes and adding larger terrace areas. Part of the existing warehouse at 925 Ann Street would also be retained as part of the development.

Terraces, Greenery And Flexible Office Space

The tower has been designed around flexible commercial floor space, outdoor areas and subtropical landscaping.

Plans show a five-level podium with four levels of commercial office space above. The structural and services core would be positioned along the eastern boundary, allowing open-plan work areas with natural light and views to the north, west and south.

The design includes landscaped terraces, outdoor city rooms, a rooftop sky garden and cascading planting across parts of the building. The facade would feature horizontal aluminium sun-shading fins and high-performance double-glazed units.

At ground level, the project would include landscaped seating, exposed aggregate paving, garden beds, a recessed foyer and a continuous awning along Ann Street.

car park redevelopment — *Photo Credit: DA/A007011538*

Parking And Access From Chester Street

The proposal includes 72 car parking spaces across two basement levels, with two accessible spaces, five visitor spaces and four motorcycle bays. It also provides 77 bicycle parking spaces and end-of-trip facilities on basement level one.

Vehicle access would be from Chester Street through a single driveway. The service area is planned to accommodate one medium rigid vehicle, one small rigid vehicle and two vans.

The development also includes hostile vehicle mitigation elements along parts of Ann and Chester streets, with barriers and bollards incorporated into the streetscape design.

Consolidated Properties — *Photo Credit: DA/A007011538*

Application Remains Under Assessment

The project is targeting a 5 Star Green Star Buildings v1.1 rating and a minimum 5 Star NABERS Energy rating. Listed design measures include high-efficiency HVAC systems, facade optimisation studies, water management initiatives, operable windows, natural ventilation and daylight access.

The proposal would sit near two previous Consolidated Properties Group office projects along the Fortitude Valley city-fringe strip.

If approved, the development would shift the long-running car park site towards commercial office and retail use, with larger workplace floor plates, landscaped terraces and public plaza space planned for one of Ann Street’s key corner blocks.

Published 7-May-2026

Rare Fortitude Valley Landholding in James Street Precinct Enters Market

Photo Credit: RWC Queensland

A large-scale Fortitude Valley landholding within the James Street precinct has been brought to market, with the 171–181 Robertson Street site positioned as a rare inner-city development opportunity.

At The Centre Of The James Street Precinct

The Fortitude Valley site at 171–181 Robertson Street is located within the established James Street precinct, known for its concentration of retail, dining, and design-focused businesses. Situated about one kilometre from the Brisbane CBD, the area has developed into a recognised inner-city retail and lifestyle destination.

More than 110 specialty stores operate across the precinct, alongside restaurants, galleries, and design showrooms. Ownership within the area has remained tightly held, with limited turnover since its early development.

Large Site With Existing Income Stream

The Fortitude Valley property spans 1,651 square metres and includes two commercial buildings with a combined gross lettable area of 1,769 square metres. Both buildings are fully leased, generating annual net income of approximately $1.18 million.

Zoned MU1 Mixed Use (Inner City), the site allows for a range of potential future uses, including residential, hotel, commercial, or mixed-use outcomes. The property features a street frontage of 34.8 metres and a site depth of 47.3 metres.

Lease arrangements provide for vacant possession of the site by 2028, with the possibility of earlier access through negotiation.

Opposite Key James Street Destination

The Fortitude Valley site sits diagonally opposite the Calile Hotel, placing it within a prominent section of the precinct. The surrounding area has evolved from its industrial origins into a lifestyle-focused destination, contributing to continued demand for sites in this location.

The combination of site scale, location, and existing improvements positions the property as a rare offering within the precinct.

Expressions Of Interest Campaign Underway

The campaign is being managed by RWC Queensland through an expressions of interest process closing on 14 May 2026 at 1 p.m.

Interest is expected from both domestic and international buyers seeking long-term opportunities in established inner-city locations. The property combines an existing income stream with future development potential, reflecting the ongoing activity within Fortitude Valley’s James Street precinct.

Published 22-Apr-2026