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Office VFML
370 Queen Street Brisbane, Australia
Description
370 Queen Street , built in 1981, is an office and retail building fronting Queen Street. It comprises a lettable area of 3,869m². It is divided into ground floor retail of 567m² and 6 levels of office, served by two lifts, totalling 3,302m² with average floorplates of 520m². In addition there are 28 secure carspaces accessed via Griffin Lane.
Location
370 Queen is located to the northeastern end of Queen Street within the Golden Triangle, Brisbane’s prime commercial location. Major commercial buildings in the area include Central Plaza, Riverside Centre and Riparian Plaza. The property also has rear access to Griffin Lane.
Key Information
- Ownership VFML - 100%
- Acquisition 31/10/2007
- Book Value ($,000) 21,700
- Valuation Cap Rate 9.0%
-
Net Lettable Area
Office: 3,866sqm
- Typical Floor Plate 760
- Car Spaces 32
- Occupancy 100%
- No. Of Tenants 13
- WALE as at 30/6/2009 3.3 years
- Age of Building 1988