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Location

The property is located in the Fortitude Valley Gateway Precinct approximately two kilometres to the north-east of the Brisbane CBD. It is close to an array of transport options including rail, bus and ferry services. Local amenities are in abundance due to the property’s central location.

Description

This 12-level A-Grade office building was constructed in 2013 and includes ground floor foyer and retail accommodation plus three levels of basement car parking. The property has a 5.5 star NABERS Energy rating and 4.0 star NABERS Water rating.

Amenities
End of trip
Parking
Nearby transport
Cafe
Sustainability ratings
5.5
NABERS Energy rating
4.0
NABERS Water rating
Asset summary
as at 31 December 2019
Title
Freehold
Site area
2,519 sqm
Lettable area
16,442 sqm
Occupancy
100 %
WALE (by income)
4.7 years
Major tenant
Queensland Urban Utilities
NABERS Energy rating
5.5 stars
Valuation summary
Book value
$ 153.5 m
Valuation date
31-Dec-19
Cap rate
5.75 %
Discount rate
6.75 %