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Cushman & Wakefield - Brisbane
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420 George Street, 420 George Street Brisbane City, QLD 4000

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For Sale - Expression of Interest

420 George Street, 420 George Street Brisbane City, QLD 4000

Offices
Sale Price

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Land area

766.0m²

Floor area

6019.0m²

Car spaces

17

Parking info

Secured basement parking

Property extent

Whole

Zoning

Principal Centre (City Centre) Zone

Municipality

Brisbane

Tenure type

Tenanted Investment

NABERS

5.0

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$3,011,321

Core CBD Corner in Legal Precinct

  • Brand new 5 year lease to major tenant
  • Over 73% of income from legal sector
  • Over 90% occupied
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

Property ID: 503149586Last Updated: 17 May 2019

Cushman & Wakefield - Brisbane
420 George Street, 420 George Street
Brisbane City, QLD 4000
Peter Court
Mike Walsh

Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000

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Cushman & Wakefield - Brisbane

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Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
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Peter Court

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Peter Court
Cushman & Wakefield - Brisbane
420 George Street, 420 George Street Brisbane City, QLD 4000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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