295 Ann Street is a high quality office building predominantly leased to Queensland Rail until 2020.

The property was last refurbished in 2010 and has achieved a 5.0-star NABERS Energy rating. This asset offers large floor plates of 1,200sqm and a large central core. The building is located right in the heart of Brisbane's CBD and is surrounded by extensive nearby amenities, including cafés and restaurants.

Highlights

  • 20,216 SQM
    Total Lettable area
  • $113.5 million
    Book
    Value
  • 6.3 Years
    Weighted Average lease expiry
  • 5.0
    4.5
    Stars
    Energy | water Nabers Rating

Key Features

Building grade A Grade
Ownership 100%
Acquired/built/refurbished 1998/1974/2010
Car spaces 85
Lettable area 20,216sqm
Average floor plate 1,220sqm
Passing face rent $570psqm pa gross
Net property income $5.7m
External valuation/date $113.5m/June 2016
Value/lettable area $5,614psqm
Book value $113.5m
Cap rate 7.50%
Discount rate 7.75%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
5% OCCUPANCY 95%
FY17
0%
FY18
0%
FY19
0%
FY20
0%
FY21
55%
BEYOND
40%

Major Tenants

QLD Rail Limited 10,419sqm 52% of NLA

EXPIRY Nov 2020

Australian Bureau of Statistics 2,466sqm 12% of NLA

EXPIRY Oct 2025

Administrative Appeals Tribunal 2,623sqm 13% of NLA

EXPIRY Jun 2026