162 Albert Street, Brisbane City, Qld 4000

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RetailOfficesLand/Development
Property ID: 503799942 More details

Brisbane’s most prime retail corner

162 Albert Street, Brisbane City, Qld 4000

Description

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JLL, in conjunction with Richard Morrison Project Consulting, are pleased to exclusively present 162 Albert Street to the market. The property offers a dual retail & office asset with ultra-prime frontage at the intersection of Queen, Albert and Elizabeth Streets in the heart of Australia’s busiest pedestrian mall. Situated at the epicentre of the Brisbane central business district, the asset is perfectly positioned to leverage the $12 billion of city shaping infrastructure projects planned for Brisbane. We note the following investment highlights:

3,160sqm* office & retail asset on Brisbane’s best retail corner, opposite Queen Street Mall and adjacent to the oncoming Albert St Train Station
WALE of 5.01* years (by income) across only three tenants, anchored by the international giant JD Sports – a global brand with over 2,500 outlets worldwide
911sqm* site zoned PC1 principal Centre (city centre)
Fixed annual income growth of between 3.00% and 4.00%
Poised for growth off the back of immediate proximity to Brisbane’s major upcoming infrastructure projects, including Queens Wharf (250m) and the Cross River Rail’s Albert St Staiton (adjacent)
Net income of $1,237,393 per annum as at 1 April 2021

The property is being offered For Sale via International Expressions of Interest closing 4:00pm (AEST) Thursday 6 May 2021. Please contact the exclusive agents for further information

Basic info

  • Property Type Retail Offices Land/Development
  • Land Size 9,805.92 sq ft (approx)
  • Rooms
  • Address 162 Albert Street, Brisbane City, Qld 4000

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