33 Queen Street

Brisbane, QLD

This property consists of two buildings 33 Queen Street and 199 George Street.

33 Queen Street is an historic seven level building with frontage to the Queen Street Mall and immediately adjoining and connected is 199 George Street, a recently constructed modern office and retail tower with frontage to George Street. 33 Queen Street has an unrivalled location at the top of Queen Street Mall, on one of Brisbane’s best corners.

The heritage building has total NLA of 3,313m2

199 George Street is a near new 2,769m2 ten level, A grade commercial office building that connects to all floors of the adjoining heritage building.

We have commenced a rolling refurbishment and repositioning strategy with individual floors and providing tailored office suits to tenants.

Ownership interest 100%
Cap rate 7.50%
Valuation date June 2017
Acquisition date May 2013
Site area 1,158m2
Net lettable area 6,023m2
Occupancy 62%
WALE by income 6.6 Years
Rent review stucture CPI and Fixed
Major tenants by income Members Equity and First Commercial Bank of Taiwan
Parking spaces 16
Valuation range $30-40 million