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123 Albert Street, Brisbane
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123 Albert Street, Brisbane
A premium grade office tower designed to acheive a 6 Star Green Star rating and a 5 Star NABERS Energy Rating. The tower comprises 26 levels of office space, eight levels of car parking providing 388 car bays in total and an expansive ground floor lobby area featuring 5 retail shops.
123 Albert Street offers some of the largest floor plates available in the Brisbane CBD. Light spills into the ground plane from Albert and Charlotte Streets. The design of the podium sets a new standard in the creation of an elegant yet functional business environment. 123 Albert Street is adjacent to and virtually central to the financial hub, the law courts and the government sector and a few minutes walk from major commuter public transport, bus, rail and ferry hubs. The property provides easy access to Brisbane's aterial road systems including North Quay and the M1.
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Building type:
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Premium Grade Office
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Title:
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Freehold
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Site area: (hectares)
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0.4
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Lettable area:
('000 m2)
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Typical floor area:
(m2)
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1558
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Number of buildings:
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Car parking spaces:
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382
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NABERS Energy rating: (with GreenPower)
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NABERS Energy rating: (without GreenPower)
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NABERS Water rating:
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LEED rating:
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Green Star rating:
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6
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Year built:
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2011
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Major tenant:
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Rio Tinto
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Ownership:
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DXS
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Ownership %:
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100
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Co-cowner:
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Metro area:
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Brisbane
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Zoning:
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Multi Purpose Centre - MPI - City Centre
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Zoning:
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Zoning:
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Zoning:
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Zoning:
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Site coverage: (%)
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Number of units:
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Office content: (%)
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Average unit size:
('000 m2)
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Acquisition date:
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Oct 1984
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Acquisition price plus additions: (AU $m)
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Book value: (AU $m)
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$376.0
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Independent valuation date:
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Jun 2012
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Independent valuation: (AU $m)
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$375.5
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Market cap rate: (%)
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7.00
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Initial yield: (%)
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6.90
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Discount rate: (%)
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9.00
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Average passing rent:
(AU$/m2)
:
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Average market rent:
(AU$/m2)
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Leased by area: (%)
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100
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Weighted lease term by income: (year/s)
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8.3
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