Brisbane's best retail corner - 130 Queen Street announced for sale
One of Australia's only super prime retail corners, 130 Queen Street, has been announced for sale by JLL's Retail Investments & Capital Markets team.
BRISBANE, 19 June 2018 – One of Australia's only super prime retail corners, 130 Queen Street, a thriving 24-hour retail destination at the intersection of Queen Street Mall and Albert Street in the Brisbane CBD, has been announced for sale by JLL's Retail Investments & Capital Markets team.
"Anchored by the largest McDonalds in the southern hemisphere, Forever New and Suncorp Bank, 130 Queen is strategically located in the heart of Brisbane's 24/7 vibrant shopping and lifestyle precinct," said JLL's Director of Retail Investments – Queensland Sam Hatcher, who together with JLL colleagues Seb Turnbull, Jacob Swan and Luke Billiau will take the property to market via an Expressions of Interest campaign commencing 21 June 2018.
Sam Hatcher said the 24-hour retail destination offers provides a fully leased net income of $4,458,169 p.a. generated from over 3,771sqm of prime retail and office space and a WALE of approximately 5 years.
130 Queen Street features a four storey retail and office building on the busiest corner in the Brisbane CBD. The building provides a total NLA of 3,771sqm in its current configuration, comprising 2,991sqm of retail over the first three floors and basement, and 770sqm of office accommodation and 10sqm storage above.
It boasts an unparalleled corner site in the heart of one of Australia's busiest pedestrian mall – Queen Street Mall. This premier location in the heart of the Brisbane CBD is one of Brisbane's most prized retail frontages.
Strategically located on the future pedestrian thoroughfare between the new Albert Street cross-river rail station and the Brisbane Live venue at Roma Street, the property provides potential for future flagship retail development over multiple levels with a preliminary scheme prepared by Blight Rayner.
The site is one of eight prime corners on the Queen Street Mall. 130 Queen Street sits at the epicenter of foot traffic within Brisbane, with over 26 million persons walking past the property each year.
JLL's Seb Turnbull said, "130 Queen Street is a rare opportunity to acquire a generational asset on Australia's busiest pedestrian mall."
The building is being formally offered for sale through an on-market Expressions of Interest campaign closing Thursday, 26 July 2018.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.