241 Adelaide Street, Brisbane

THE BRISBANE CLUB TOWER

About

Major refurbishment in 2023

241 Adelaide Street is a  ‘B Grade’ 21-storey semi modern office tower constructed circa 1988, situated adjacent to Post Office Square on Adelaide Street alignment within the Golden Triangle precinct of the Brisbane CBD, in close proximity to the Brisbane GPO.

The building is also known as the ‘Brisbane Club Tower’ and provides ground floor (Adelaide Street) retail accommodation, Level 1 (Post Office Square Level) retail and office accommodation, 19 upper levels of office floors with a typical floor plate of 538sqm and includes 85 basement car parks. It is located within close proximity to public transport including Central Train Station only a few minutes’ walk.

241 Adelaide Street, Brisbane QLD 4000
Cafe
Bus, Train, Parking

Available space

Office
Level
Suite
Size
1
R0101
97 sqm
5
R0501
42 sqm
5
R0504
95 sqm
6
R0601
511 sqm
15
R1502
250 sqm
17
R1703
94 sqm
Retail
Level
Suite
Size
G
R0001
81 sqm

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More information

Ownership interest
50%
Cap rate
6.88%
Valuation date
December 2023
Acquisition date
June 2021
Site area
1,059m2
Net lettable area
10,107m2
Occupancy
86.2%
NABERS rating (Energy)
4.0
NABERS rating (Water)
3.0
WALE by income
2.3
Rent review structure
Fixed
Major tenants by income
The Brisbane Club, Safe Places Community Services, Pitt & Sherry
Parking spaces
85
Valuation range
$18 million