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400 GEORGE STREET IS A TROPHY A-GRADE ASSET.

With the majority of Brisbane’s truly core assets being held in partial arrangements, 400 George Street represents a generational opportunity to secure a 100% interest in an A-Grade core office tower.

Underpinned by blue chip cashflow and located in the prestigious North Quarter precinct, the asset is perfectly placed to capitalise on the improving Queensland leasing market and strengthening economy.

Designed by award winning Cox Architecture, 400 George Street is an exemplary A-Grade office asset, surrounded by $12.7billion of city shaping infrastructure projects, set to directly benefit from this unprecedented level of investment.

Executive summary

Address
400 George Street, Brisbane
Interest
100% (50% as freehold, 50% as unit sale)
Title Details
Lot 2 SP172708
Zoning
Principal Centre (City Centre)
Site Area
2,902sqm
Street Frontages
50m to George Street
35m to Turbot Street
Year of Completion
2009
Net Lettable Area
Typical Floor Plate
Car Parking
223 bays (197 bays/sqm)
WALE (By Income)
4.9 years as at 1 October 2019
Occupancy
99.8%
Sustainability
5.5 Star NABERS Energy Rating
4.0 Star NABERS Water Rating
5.0 Star NABERS Indoor Environment Rating
5.0 Star Green Star As Built
Major Tenants
NLA
Gross Passing Office Rent psm (incl. recoveries)
Rent Reviews p.a
Expiry
21,624sqm (49%)
$750
3.50%
31 Dec 2026
Commonwealth of Australia - Child Support Agency
8,576sqm (20%)
$924
4.50%
29 Sep 2021
Cooper Grace Ward
4,282sqm (10%)
$840
4.50%
30 Sep 2024
Average Gross Passing Office Rent psm
$818psm
Net Passing Income
$32,235,962 as at 1 October 2019
Sale Process
Expressions of Interest closing at 3PM (AEST) Wednesday 12 June 2019
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