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News release

BRISBANE

Lamborghini finds new home in Fortitude Valley


​Italian luxury sports car maker, Lamborghini, has found a long-term home for their showroom at 825 Ann Street in Brisbane’s Fortitude Valley. The deal was negotiated by JLL’s Andrew Watson.

The total showroom space is 586 sqm, with Lamborghini occupying half of the space for a five car showroom, with full corporate identification and sales facilities, including computerised configuration and design. Lamborghini will be accompanied with an additional showroom, dedicated to exotic and collectable cars, offering Queensland buyers a centre for investment in rare automobiles and late model exotic cars.

An initial eight year lease term was struck with a five year option thereafter. The two tenants will together occupy 586 square metres of premium retail space with circa 40 metres of frontage to Ann Street.

While Fortitude Valley has seen an abundance of retail space come onto the market recently as a result of numerous mixed-use projects reaching completion, there is still underlying demand for high quality retail space.

Mr. Watson said the space was an ideal premises for the car showroom. “Lamborghini were drawn to this location for a number of reasons, including the sites extended frontage to Ann Street and its position nearby to many other premium dealerships. Furthermore, the building offers basement customer parking which is a rarity in Fortitude Valley,” he said.

Euro Marque Managing Director, Mr Greg Willims, who holds the licence for Lamborghini, had been looking for a suitable location for the exotic car dealership in Fortitude Valley which had the right exposure and position characteristics.

“The tenancy was previously occupied by a men’s fashion retailer, and with such a large amount of space coming onto the market the building owner was keen to secure a high-calibre tenant quickly. It was also important that the incoming tenant was fitting of the building and the precinct,” said Mr Watson. “Lamborghini was the perfect fit for the tenancy and the building.”

The previous tenant also held the lease over the iShop tenancy which comprises 618sqm of retail space over two levels. Mr Watson said that good interest had been received to date on this opportunity. “Our focus for the remaining space is to secure a high quality food and beverage offering which will act as a drawcard to the building and the greater M&A precinct.”