171 Edward Street, Brisbane

Overview

Two multi tenanted retail buildings located on the corner of Edward Street and Elizabeth Street in the Golden Triangle of Brisbane’s CBD. The buildings will have undergone a refurbishment on completion with additional retail space being added via a laneway off Elizabeth Street

Property Information

  • Building typeOther
  • Year built1949
  • TitleFreehold
  • Metro areaBrisbane CBD
  • ZoningPrinciple Centre (City Centre)
  • Site area (hectares)0.2
  • Lettable area ('000sqm)2
  • Lettable area adjusted for ownership ('000sqm)2.0
  • Number of buildings2
  • OwnerDXS
  • Ownership (%)100
  • Major tenantHermes
  • Acquisition dateAugust 2020
  • Book value at ownership ($m)71.5
  • Independent valuation dateJune 2021
  • Independent valuation at ownership ($m)71.5
  • Market cap rate (%)4.50
  • Initial yield (%)3.53
  • Leased by area (%)83
  • Weighted lease term by income (years)5.8
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