CBRE & JLL are pleased to present to market The Barracks - 61 Petrie Terrace, Brisbane City.
Some of the key investment highlights include:
- 5.3 year* WALE (by income) with majority of tenants secured by net or semi gross leases and fixed annual increases.
- Blue-chip location on the fringe of the Brisbane CBD set to benefit from major infrastructure projects, including the Roma Street Cross River Rail Station and the future Victoria Park Stadium.
- Prime 1.1ha* elevated site on the edge of the Brisbane CBD with 360 degree views and future development upside (STCA).
- 19,433sqm* mixed-use precinct that encompasses A-grade commercial office buildings, a thriving retail and entertainment precinct, and 451 car bays.
- 10,393 sqm* of A-Grade office, 100% leased with major tenants Hatch and Southern Cross Media Group.
- 9,040 sqm* retail precinct secured by Coles supermarket and Palace Cinemas, complemented by 23 food & beverage and retail specialties.
- Main Trade Area forecast to experience a 1.4% p.a. population growth to 269,000* by 2046, supported by a 3.9% p.a. retail expenditure growth to $9.9 billion.
- Market leading ESG Office building that has been awarded 6.0-star NABERS Energy & Water ratings (Base Building), representing one of only two Brisbane CBD and Fringe surrounds properties awarded these highly coveted credentials*.
- Fully Leased Net Income $12.3m per annum*.
The Barracks is For Sale via Expressions of Interest closing Thursday, 26th June 2025 at 4pm (AEST)
For further information on this opportunity, please reach out to the exclusive sales and marketing agents.
* Approx, as at 30 June 2025
*According to NABERS (NSW Government)