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1st Floor/138 Albert Street Brisbane City QLD 4000

  • Offices
  • 369 m²
  • For Sale, $2,100,000 (excl. GST)

1st Floor, 138 Albert St, Brisbane City, Queensland - Full Floor - Semi Retail - net return is over 6.8%

Phone enquiry code for this property: 1458

Please note offers under $2 100 000 will not be considered, accepted or responded to.

The property has a current annual gross return of $175 275 (excluding GST) which is a return of $475 per square metre (excluding GST)
Outgoings per annum are $34 540 ($2235 of this amount is claimable back on GST)
The property's annual net return is $142 970
The annual net return on the property is over 6.8%

138 Albert Street is a well-known and respected 14 story strata-titled commercial building located in an absolute prime location in the heart of Brisbane City with the second busiest walk by trade in Queensland after the Queen Street Mall. It is a one minute stroll to the Myer Centre and Queen Street mall and is easily accessible by all forms of public transport.

The building is located on the block of Albert Street situated between Charlotte and Elizabeth Streets and is perfectly placed to benefit from the proposed 5.4 billion dollar Cross River Rail with an Albert Street station planned approximately 50 metres from the doorstep of the property which is forecast to bring half a million extra pedestrians to Albert Street each week.

The property can be accessed by three modern high speed lifts or alternatively from the semi-retail access stairs in the foyer which lead directly into the premises (these stairs are visible in one of the property photos on this page). The property also has full window frontage to Albert Street covering the entire front of the building.

The whole first floor of 369 square metres is for sale in a single transaction.

The foyer and bathrooms on all levels of the building have recently been refurbished.

Brisbane City Council Rates are $2491 per quarter
Body Corporate Fees are $6144 per quarter

Car parks on the property are available for rent from the body corporate.

The floor is fully air-conditioned and has private toilets and showers currently in place on the premises (which can be removed). The common area of the floor also has male and female toilets that have recently been refurbished.

24 hours a day, 7 days a week access to the floor is available via an intercom system and the whole floor has a security key system in place.

The floor is suitable for all purposes and was previously a college in the early 2000's. The building is completely compliant with all codes and standards for teaching premises.

Instant inspection of the premises is available 24 hours a day, 7 days a week as the owner is in close proximity to the building to give access.

A current copy of the floor plan is attached in the pictures section of this page.

Phone enquiry code for this property: 1458

Address1st Floor/138 Albert Street Brisbane City QLD 4000
ZoningPC1 - Principal centre (City centre)
CouncilBRISBANE CITY
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2014986855
Floor Area369 m²
Land AreaAsk Agent
ParkingAsk Agent
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  26 Feb 2020
Map for 1st Floor/138 Albert Street Brisbane City QLD 4000
Map for 1st Floor/138 Albert Street Brisbane City QLD 40001st Floor/138 Albert Street Brisbane City QLD 4000
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