26 Wharf St, Brisbane
Boutique commercial office asset located in the heart of Brisbane’s most prestigious precinct; the Golden Triangle.
The 12-level office has been repositioned to a high-standard, with works including a new ground floor lobby and creation of high-quality spec fit-outs, delivering a fully leased yield of close to 8%. Featuring a 270 sqm floor plate, the building caters to small and medium-sized tenants seeking quality accommodation in the bustling Golden Triangle precinct.
ACQUISITION DATE
March 2026
PROPERTY TYPE
Office
GROSS LETTABLE AREA
2,956 sqm
SITE AREA
375 sqm
CAR PARKING
9 bays
KEY CHARACTERISTICS
- Attractive Long-Term Distributions: over a 7-year period the investment is forecast to generate an attractive risk adjusted distribution of 7.2%, with distributions from year four exceeding 8%.
- Material Discount to Replacement Cost: a purchase rate psm of $7,104 is well below replacement costs. With construction costs in Brisbane foreacast to grow by 34% over the next 4-years this will only increase.
- Scope to access strong rental reversion in the short-term: the building is c.12% under rented, presenting the opportunity to access strong rental reversion as and when expiries occur.
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