New life for Clayfield retail site

4 October 1996

Source: Property Yearbook

Architect Graham Kildey plans to rejuvenate an old retail corner in the inner norther suburb Clayfield with a mixed use development styled on lines appropriate to the area.

His development company, Gapcote Pty Ltd, acquired ageing shops on the corner of Sandgate and Oriel roads and added neighbouring duplex and house properties to form the site for the project.

The $6 million Fig Trees project will provide retail and commercial office space as well as three residential units for the suburb, one of Brisbane’s most traditional dress-circle areas.

“The project will be like it belongs in Clayfield. The design will have a colonial feel in part; it will have an empathy with building in Clayfield,” Mr Kildey Said.
The building will offer about 1454sq m of net lettable area, with 779sq m of retail space on the ground floor and 675sq m of office area on the first floor.

Two residential units will be of two bedrooms, with the third of three bedrooms.

The building will have undercover carparking for 40 and another 21 carparks on site. A lift will service the three levels.

Mr Kildey, principal of the Group Kildey companies whose previous projects included Abbey Hotel in the Brisbane CBD, said he had selected the site as the most suitable between the Albion Fiveways and Clayfield. “We spoke with the Brisbane City Council over a length of time about the most suitable development for the site.”

Tenancies would include a restaurant, fastfood and takeaway outlets and a newsagency, Mr Kildey said.

Rentals rates were $425 a sq m on the ground floor and $225 for office space.

The development would be strata titled with sale prices expected to yield between 8.5 percent and 8.7 percent.

The site had been cleared and construction was expected to start within a fornight with completion planned by the end of February.

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