15 Adelaide Street is a quality, 19-level office building located in Brisbane CBD's legal precinct.

The building has approximately 11,500sqm of NLA and benefits from abundant natural light offering 4.5-star NABERS Energy rating. The refurbished ground floor presents a stylish, corporate entrance surrounded by a wealth of amenities including cafÚs, bars and shopping and is well serviced by public transport.

Highlights

  • 11,437 SQM
    Total Lettable area
  • $55.7 million
    Book
    Value
  • 3.5 Years
    Weighted Average lease expiry
  • 4.5
    4.0
    Stars
    Energy | water Nabers Rating

Key Features

Building grade B Grade
Building grade A Grade
Ownership 100%
Acquired/built/refurbished 1998/1982/2008
Car spaces 145
Lettable area 11,437sqm
Average floor plate 740sqm
Passing face rent $593psqm pa gross
Net property income $2.9m
External valuation/date $55.5m/Nov 2015
Value/lettable area $4,853psqm
Book value $55.7m
Cap rate 8.25%
Discount rate 8.75%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
21% OCCUPANCY 79%
FY17
12%
FY18
0%
FY19
27%
FY20
12%
FY21
21%
BEYOND
9%

Major Tenants

Federal Government 2,167sqm 19% of NLA

EXPIRY Mar 2019

BP Services 1,298sqm 11% of NLA

EXPIRY Jun 2021