140 Creek Street is a 25-level modern A-Grade office building located in the heart of Brisbane´s corporate landscape.

The building has generous 1,200sqm floor plates with good natural light throughout, and benefits from a 4.5-star NABERS Energy rating. The property underwent a comprehensive capital works programme during 2014/15 that included refurbishing the ground floor lobby, nine office floors, and upgrading services and amenities to meet the requirements of modern occupiers.

Highlights

  • 28,080 SQM
    Total Lettable area
  • $191.0 million
    Book
    Value
  • 6.0 Years
    Weighted Average lease expiry
  • 4.5
    3.5

    Stars
    Energy | water Nabers Rating

Key Features

Building grade A Grade
Ownership 100%
Acquired/built/refurbished 1998/1995/2005
Car spaces 159
Lettable area 28,080sqm
Average floor plate 1,175sqm
Passing face rent $651psqm pa gross
Net property income $8.3m
External valuation/date 191.0m/June 2016
Value/lettable area $6,802psqm
Book value $191.0m
Cap rate 7.00%
Discount rate 7.75%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
5% OCCUPANCY 95%
FY17
13%
FY18
0%
FY19
0%
FY20
3%
FY21
0%
BEYOND
79%

Major Tenants

State Government 12,448sqm 44% of NLA

EXPIRY Nov 2023

Federal Government 8,522sqm 30% of NLA

EXPIRY Dec 2022

SAP Australia 3,715sqm 13% of NLA

EXPIRY May 2023