• Sold
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease
Australia's Best Value-Add Office Opportunity Underpinned by 10 Year Lease

For Sale

Offers
Colliers International is please to exclusively present for sale 116 Adelaide Street, Brisbane City.

116 Adelaide Street is arguably one of the best value-add office opportunities available for purchase in what is Australia’s fastest growing office leasing market.

With 33.3%* of the NLA underpinned by a new 10-year lease and multiple new leases, the building offers security of cashflow plus multiple initiatives for the new owner to add value to the asset.

The key investment attributes of this offering are as follows:
- Estimated fully leased net income $3,156,510* p.a. plus GST
- 4.53* year WALE
- Over $1.9m* in CapEx since 2016
- Typical floorplate – 380m²* (Tower)
- Core CBD location near Brisbane City Hall in Adelaide Street
- 150m* to Central Railway Station entrance
- 2.5-Star NABERS (Energy)
- 85.4%* Occupancy as at 1 September 2019

116 Adelaide Street is offered For Sale via Expression of Interest closing Wednesday 19 June 2019 at 4pm.

For more details please contact the exclusive marketing agents at Colliers International.

*Approximately

Property Details

  • 29/10/2019
  • Contact our experts for details on this transaction