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 | 7.25% |
| Valuation date | June 2017 |
| Acquisition date | May 2013 |
| Site area | 1,158m2 |
| Net lettable area | 6,093m2 |
| Occupancy | 58% |
| WALE by income | 2.4 Years |
| Rent review stucture | Fixed |
| Major tenants by income | First Commercial Bank of Taiwan/Australian Sports Commission |
| Parking spaces | 16 |
| Valuation range | $30-40 million |