Office

50 Ann Street, Brisbane

50 Ann Street Brisbane, QLD Australia 4000
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2020
Building Area

Property Description

50 Ann Street is for sale via an Expressions of Interest campaign closing Tuesday 3rd November 2020 at 3pm (AEST). The 25,519 square metre building offers expansive 1,000sqm+ central core floor plates with excellent views and natural light. Strategically positioned within 500 metres of $12.8 billion in infrastructure renewal including key projects Brisbane Live, Cross River Rail and Queen’s Wharf and 80 Ann Street, 50 Ann Street is set to benefit from this unprecedented development prior to the expiry of the current lease term.

Investment Highlights

Key attributes of 50 Ann Street include:

  • Fully leased (NLA) building, 99.5% occupied by the Queensland State Government’s Department of Justice and Attorney-General for over 40 years
  • Strong tenant retention fundamentals underpinned by its immediate proximity to the Magistrates, District, Supreme and Commonwealth Courts as well as the Queensland Police Headquarters
  • Queensland State Government benefit from sole occupancy of the asset which is critical for the security requirements of the tenant
  • Commanding 2,198 square metre corner landholding with over 90 metre of street frontage
  • Approximately $10 million of committed capital expenditure for a recently completed End-of-trip facility, mechanical and electrical upgrades and access/security upgrades
  • Passing net income of $15,887,770 with a 4.1-year WALE (as at 1 November 2020)
  • NABERS energy rating of 4.5-star
Last Updated Date: 02 Nov 2020
Seb Turnbull
Seb Turnbull
Head of Sales and Investments - QLD
Paul Noonan
Paul Noonan
Managing Director – Queensland, Executive Director – Capital Markets Australia

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Last Updated Date: 02 Nov 2020

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