2 King Street

Fortitude Valley, QLD

The asset is located on the corner of King Street and St Pauls Terrace, Fortitude Valley approximately 4kms north of the Brisbane CBD within the RNA Showgrounds regeneration project. The building is nine levels plus two basement car parking levels and was built to meet high environmental performance standard with a 6 Star Green Star - Office As Built v3 certification.

Ownership interest 50%
Cap rate 5.75%
Valuation date July 2018
Acquisition date August 2018
Site area 2,045m2
Net lettable area 16,377m2
Occupancy 83.8%
NABERS rating (Energy) 6
NABERS rating (Water) 4.5
WALE by income 5.90
Rent review stucture CPI and Fixed
Major tenants by income Lend Lease/SMEC.
Parking spaces 95
Valuation range $80-100 million