Located in a highly connected near city office precinct well known for attracting quality covenants, 159 Coronation Drive & 5 Cribb Street offer a secure investment prospect with enormous upside underpinned by a 3,624sqm riverfront landholding. Offering two separate towers with a mix of global, national and local tenants, the properties present a diversified, clean cashflow having recently undergone an extensive capital works program.
CBRE, on behalf of Wallum Partners, is delighted to offer 159 Coronation Drive & 5 Cribb Street to market, supported by the following investment highlights;
+ Two 100% leased office buildings totalling 5,218sqm NLA with 4.65 year WALE*
+ High profile riverfront office with unimpeded views of the Brisbane River and CBD
+ Immaculate presentation following an $8 million* capital works program
+ High ceilings with abundant natural light throughout
+ Brand new leases to global covenants, including Alstom and Boral
+ Potential for high density future development underpinned by the large 3,624sqm riverfront corner landholding
+ Close proximity to all major public transport and direct access to the Bicentennial bikeway
+ Enormous car parking allocation with 123 car park bays (1:42 bays/sqm)
+ 5.5 star NABERS Energy Rating (159 Coronation Drive) and 4.0 star NABERS Energy Rating (5 Cribb Street)
CBRE is pleased to present 159 Coronation Drive & 5 Cribb Street, Milton for sale via Expressions of Interest, closing Thursday 26th May 2022 at 4PM (AEST).
*Approximately as at 1 May 2022
