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The Importance Of Property

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This report will assess 4 buildings; 111 Eagle Street, 324 Queen Street, 100 Edward Street and 100 Wickham Street to determine which property is the most suitable for an investor to purchase or lease. The report will review and discuss, the services, construction, location and design of each property, leasing and ownership issues associated with each and provide a commentary on the current market trends for the Brisbane area addressing industrial, office and market sectors. The buildings will be assessed based on these factors and a recommendation provided as to which property is identified as the best option for the investor to purchase. LOCATION Brisbane is Australia’s third-largest and populated city, with a population of over 2.3 …show more content…

With Chinatown and Brunswick streets a minute walk away, and the CBD’s Golden Triangle District within walking distance, 100 Wickham Street forms an accessible location for every attraction. BUILDING DESCRIPTIONS Classified as a high-rise office building, 324 Queen Street boasts an allowance for mixed use owing to a ground-floor retail section. Originally built in 1975 and undergoing major refurbishment in 2001, this property houses 19,864sqm of NLA as well as a retail space of 1,042sqm (Knight Frank, 2016), in addition to a two-level basement carpark for 98 cars and 22 levels of office space above the three-storey podium (AbacusProperty, 2017). After refurbishment, independent reviews qualified it as an A-Grade Building (Muskens, 2011). 111 Eagle street is one of the most prominent commercial buildings in Brisbane, and one of the biggest. This premium-grade office building features 54 levels and a floor area approximately 64,264sqm. Completed in early 2012, this property is in pristine condition with steel and glass infrastructure. 100 Edward Street is a commercial building that provides 13 levels of office space as well as 4 levels of parking and a ground floor retail section. The main building had undergone refurbishment in 2016 and is classified a B-Grade office building. Though over 30 years old, the exterior and interior of the building are

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