247 Adelaide Street, Brisbane City, QLD, 4000, AU

247 Adelaide Street

Asset Description

JLL, in conjunction with CBRE, are pleased to present for sale 247 Adelaide Street, Brisbane – a truly rare opportunity to secure a 100% freehold sub-$20M asset within Brisbane’s most desirable and vibrant commercial precinct, the Golden Triangle.

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Attributes

Building area Net

32,776 sf

Occupancy

100.00%

Year built

1966

Land area net

0.14 acres (6,264 sf)

Media

Investment Highlights

247 Adelaide Street offers the following investment highlights;

Situated in a prime location offering immediate access to Brisbane’s best amenity including Post Office Square, Queen Street Mall, and Central Station
Strong asset fundamentals including 3,045sqm NLA, 435sqm floorplates, and modern End of Trip facility
Fully Leased Net Income of $1,486,022 per annum
Excellent sustainability credentials, including 5-star NABERS Energy Rating and 4.5-star NABERS Water Rating
Ideal occupier solution for the most active sector of the leasing market, without compromising on location
Substantial capital works program completed in recent years, focused on plant and equipment upgrades
Multiple value-add strategies including cosmetic refurbishment, repositioning into a medical office building, or redevelopment into a boutique hotel (STCA)
Opportunity to capitalise on the highest net effective rental growth forecast in the country

A 100% freehold interest in 247 Adelaide Street, Brisbane is offered For Sale via International Expressions of Interest closing 4:00pm (AEST) Tuesday 28^th March 2023.

*All metrics are approximate and as at 1 April 2023