324 Queen Street

Brisbane, QLD

Located on a prominent corner of Queen Street and Creek Street Brisbane, the property comprises a basement car park, five retail units on ground level, three podium levels and 20 upper levels of office accommodation. The building was constructed in 1975 and refurbished in 2001.

Ownership interest 50%
Cap rate 6.00%
Valuation date June 2020
Acquisition date December 2016
Site area 1,821m2
Net lettable area 19,348m2
Occupancy 94%
NABERS rating (Energy) 3.5
NABERS rating (Water) 3.5
WALE by income 3.32
Rent review stucture Fixed
Major tenants by income Allianz, ANZ, Brookfield Multiplex
Parking spaces 91
Valuation range $60-80 million
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