JLL are proud to present for sale a 100% freehold interest in 60 Edward Street, Brisbane a landmark CBD office tower with outstanding asset fundamentals and a secure income stream from high-quality tenants.
60 Edward Street is underpinned by the following investment highlights:
-Institutional quality asset, the first time advertised for sale to the open market in over 25 years
-Situated on a prominent 1,836sqm CBD site, less than 250m to the new Albert Street Cross River Rail Station
-Exceptional asset fundamentals including versatile 706sqm floor plates, excellent on-floor experience, ample natural light, and a superior parking ratio of 1:99 bays/sqm
-Leading sustainability credentials, boasting 5.0-star NABERS Energy Rating and 4.5-star NABERS Water Rating
-Extensive capex completed, with more than $7.5M invested during the course of RACQ owning and part-occupying the asset
-Secure income stream from a strong tenant base, offering a Fully Leased Net Income of $6.5 million per annum
-Strategic Value-Add opportunities to drive returns, including repositioning the ground floor retail & modernisation of the End of Trip
-Opportunity to capitalise on the unrivalled performance of Brisbane's CBD leasing market
60 Edward Street is offered for sale via International Expressions of Interest closing 4:00pm (AEST) Thursday 6th June 2024.
For further information or to arrange an inspection of the property, please contact the JLL Capital Markets team as the exclusive selling agents.
*All metrics are approximate and as at 1 June 2024
