Description

A rare opportunity to acquire one of four office buildings along Grey Street – South Bank’s primary commercial and retail spine.

11,825sqm* of high quality, A-grade office and retail accommodation
Positioned on Grey Street, a front-row workplace experience with river views
Situated at the doorstep of South Bank Busway and Railway Stations

JLL is pleased to exclusively offer to market a 100% leasehold interest in 199 Grey Street, South Brisbane, an A-Grade office building representing a rare and coveted opportunity in one of Brisbane’s most tightly held commercial precincts, and the property’s first market offering in nearly a decade.

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Attributes

Building class

Building area net

127,283 sf

Land area gross

21,969 sf

Call for offers

08/12/2026

Media

Investment highlights

Opportunity Highlights

One of only four institutional grade office buildings situated along Grey Street, presenting a truly scarce opportunity.
Unrivalled South Bank riverside location, surrounded by Brisbane’s best lifestyle amenity.
High quality A-grade office tower featuring efficient floorplates, premium fitouts, strong natural light and expansive views.
Compelling mark-to-market reversion opportunity with current rents below market levels, offering income upside and strong retention prospects.
Exceptional tenancy profile underpinned by strong covenants, including the State Government and multiple blue-chip occupiers.
Positioned at the epicentre of Brisbane’s unprecedented infrastructure cycle including Cross River Rail and the 2032 Olympics, supporting long-term growth.
Brisbane continues to be one of the strongest performing office markets in Australia, underpinned by strong demand and limited oncoming supply.
Grey Street is a superior sub-precinct, maintaining a 10-year average vacancy of 6.2%¹ against South Brisbane’s average of 15.1%¹.

A 100% leasehold interest in 199 Grey Street, South Brisbane is for sale via International Expressions of Interest closing 3:00pm (AEST) on Tuesday 13 August 2026.

For more information or to arrange an inspection, please contact the exclusive agents.

¹Source: JLL Research

*Approximate