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247 Adelaide Street

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

247 Adelaide Street_Property for Sale

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247 Adelaide Street 2_Property for Sale

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.

Attributes

Building area Net
32,776 sf
Occupancy
100.00%
Year built
1966
Land area Net
0.14 acres (6,264 sf)

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 28th March 2023.

 

*All metrics are approximate and as at 1 April 2023

247 Adelaide Street 4_Property for Sale
247 Adelaide Street 4_Property for Sale

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Last updated
Mar 6, 2023