Brisbane Office Trust No. 2
Acure’s Brisbane Office Trust No. 2 owns a Premier A-Grade Brisbane CBD fringe office tower located on Montague Road in South Brisbane, a prime inbound position in one of Brisbane’s best established near-city commercial precincts.
Highlights:
- Premier A-Grade – high specification office offering with significant amenity
- 13,811 sqm NL A over 6 levels – large 2,900 sqm floor plates
- Acquired at a 40% discount to replacement cost, with a fully leased (ungeared) yield of 9.8%
- A-Grade Office Building on the Brisbane CBD Fringe where Vacancy is 8.3% and tightening
- Located in the heart of Brisbane City Council’s Kurilpa Urban Renewal Precinct
Project Investment Returns:
- Distributions paid monthly, commencing at 9% p.a. and projected to average 9.0% p.a. (5 years).
- Total return (IRR) target to investor of 15.2% p.a. (after fees)