Search results for:
Any Listing Type
Any Location
420 George Street, Brisbane
420 George Street Brisbane City QLD 4000
Office - Institutional Investments
Investment
Property No.
Key Property Highlights
Building Area | 6019 sqm |
---|---|
Land Area | 766 sqm |
Parking | 17 bays |
Energy Rating |
fullfullhalfemptyemptyempty 2.5-Star NABERS Energy Rating
|
Listing Status | Sold |
420 George Street sets the precedent as one of the most ideal investment-grade office opportunities in the Brisbane CBD. Occupying a commanding corner position across George Street from the Queensland Supreme & District Courts, and within 100 metres* of the Brisbane Magistrates Court, 420 George Street is arguably the best placed office tower in Brisbane’s tight legal precinct.
- 90%* occupied with 3.22 year WALE (by income as at 1 August, 2019) providing excellent income diversity with minimal short-term leasing risk
- Brand new 5 year lease to major tenant - Legal Aid (14.3%* of income)
- Fully leased net income: $3,011,321 pa* (fully leased as at 1 August, 2019)
- Captive tenant market - 70%* of income from legal sector
- Set to benefit from growing legal sector with a 16.25% increase in Bar Assn. memberships since 2008
- Minimal reset costs with incentives for recent re-signs below market average
- $4.5M* in capex. over the past 3 years and all services done in 2012
- Within 500m* of $3B* Queens Wharf, 300m* of Shayher Group's $1B* Brisbane Quarter and 50m* from Roma St Cross River Rail Station and $2B* proposed Brisbane Live
- Roma St Rail Station and King George Busway Station within 250m* radius, plus 150m* to Kurilpa Pedestrian Bridge linking South Bank Cultural Precinct
- 2.5 star NABERS rating (potential of 5 stars if fully occupied
*Approx