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JLL - Brisbane

Koala House, 256 Adelaide Street Brisbane City, QLD 4000

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Koala House, 256 Adelaide Street,
Brisbane City, QLD 4000

Shops & Retail • Offices

Price information

Sale - Expression of Interest

Please contact agent

Key property information

Land area

Floor area

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JLL - Brisbane
Ned Mckendry
Tim Jones

JLL - Brisbane

Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
JLL - Brisbane
Koala House, 256 Adelaide Street
Brisbane City, QLD 4000

Map of Koala House, 256 Adelaide Street

Directions
  • Train stations within 5 km of Koala House, 256 Adelaide Street, Brisbane City, QLD 4000Distance
    Central Railway Station145 m
    Roma Street Station831 m
    Brisbane (Roma Street) Station, Platform 2845 m
    Fortitude Valley Station1.2 km
    South Brisbane Railway Station1.3 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Koala House, 256 Adelaide Street, Brisbane City, QLD 4000Distance
    Adelaide Street Near Creek St24 m
    Adelaide Street Near Hutton Lane67 m
    Ann Street Near Creek St80 m
    Creek Street at Riverside Centre89 m
    Queen Street Station104 m
    POWERED BY HERE ©
POWERED BY HERE ©

A generational Opportunity to Acquire a Prime CBD Retail Corner

  • Leased to longstanding tenants
  • Attractive 6.7 year WALE (by income)
  • Genuine rental reversion upside
JLL is pleased to offer for sale ‘Koala House’ 256 Adelaide Street, Brisbane City – a prominent freehold CBD retail asset fully leased to three quality tenants.
 
Boasting a 6.6* year WALE, longstanding local and national tenants with genuine rental reversion upside – ‘Koala House’ provides an opportunity to acquire one of Brisbane’s best retail corners and a landmark building within the city’s thriving CBD . 


We outline the Key Investment Highlights below:
• Quality Tenancy Mix: ‘Koala House’ is fully leased to quality mix of tenants including national healthy fast-food chain ‘Fishbowl’ who have more than forty locations across Australia, Japanese restaurant ‘Oshin’ who have occupied the first floor for nearly forty years and ‘QMS’ Media secured long term.

• Strong Income Growth: All leases benefit from favourable annual increases of either 3.5% or 4% with genuine opportunity for rental reversion into the future given both floors are currently rented significantly below market compared to other high profile CBD retail corners.

• Exceptional Exposure: Situated on the corner of Creek & Adelaide Street the asset boasts exposure to key arterials for both pedestrians and vehicles alike along with tenants within the building have long benefitted from unrivalled exposure and signage.

• Resurgent Office Market: Brisbane’s CBD is operating with the lowest levels of vacancy when compared to other major CBD office precincts – ultimately creating an influx of thriving F&B retailers throughout the CBD.
 
‘Koala House’ is being offered for sale by way of Offers to Purchase.
 
For more information please get into contact with the exclusive agents. 

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Property ID: 504518272Last Updated: 11 Apr 2024

JLL - Brisbane
Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
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