JLL is pleased to offer for sale ‘Koala House’ 256 Adelaide Street, Brisbane City – a prominent freehold CBD retail asset fully leased to three quality tenants.
 
Boasting a 6.6* year WALE, longstanding local and national tenants with genuine rental reversion upside – ‘Koala House’ provides an opportunity to acquire one of Brisbane’s best retail corners and a landmark building within the city’s thriving CBD . 


We outline the Key Investment Highlights below:
• Quality Tenancy Mix: ‘Koala House’ is fully leased to quality mix of tenants including national healthy fast-food chain ‘Fishbowl’ who have more than forty locations across Australia, Japanese restaurant ‘Oshin’ who have occupied the first floor for nearly forty years and ‘QMS’ Media secured long term.

• Strong Income Growth: All leases benefit from favourable annual increases of either 3.5% or 4% with genuine opportunity for rental reversion into the future given both floors are currently rented significantly below market compared to other high profile CBD retail corners.

• Exceptional Exposure: Situated on the corner of Creek & Adelaide Street the asset boasts exposure to key arterials for both pedestrians and vehicles alike along with tenants within the building have long benefitted from unrivalled exposure and signage.

• Resurgent Office Market: Brisbane’s CBD is operating with the lowest levels of vacancy when compared to other major CBD office precincts – ultimately creating an influx of thriving F&B retailers throughout the CBD.
 
‘Koala House’ is being offered for sale by way of Offers to Purchase.
 
For more information please get into contact with the exclusive agents.