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

241 Adelaide Street

Asset description

JLL and CBRE are pleased to present for sale a 100% interest in 241 Adelaide Street, Brisbane.

Prominently positioned in Brisbane’s Golden Triangle with desirable Post Office Square frontage, this outstanding investment opportunity offers a rare combination of secure income and value add potential.

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Attributes

Building area net

108,791 sf

Occupancy

85%

Year built

1988

Land area gross

761 acres

Media

Investment highlights

241 Adelaide Street is underpinned by the following investment highlights:

Prominently located in Brisbane’s prestigious financial precinct, the Golden Triangle
One of only four office assets located on Post Office Square
Exceptionally strong building fundamentals with curtain glass façade, column-free floorplates, and side core configuration allowing for easy subdivision of floors
Excellent natural light and park views, with 42m of frontage to Post Office Square
Firmly positioned as one of the best value office towers in the Golden Triangle with proven performance through all leasing cycles
Secure multi-let income stream with limited major expiry risk, with no more than 22% of NLA expiring in any one year
Potential to add value and continue the journey towards a high quality boutique A-Grade asset
Opportunity to capitalise on the highest net effective rental growth forecast in the country
6-star NABERS Energy with Greenpower, 4-star NABERS Energy without Greenpower, 3-star NABERS Water Rating, and 5-star NABERS Indoor Environment

A 100% freehold interest in 241 Adelaide Street, Brisbane is available 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