The Forza Browning Street Fund is an unlisted property fund which holds a high quality 11,214m² commercial office building with 380 basement car parks located in the vibrant South Brisbane market. Purchased for $65,500,000, the Property currently has a 30 level height control and flexible zoning, with one of the highest car parking ratios in the Brisbane market.
The Property is now 100% occupied with a WALE of over 5.6 years and has a 4.5 Star NABERs rating.
The Property offers tenants excellent value for money, high end amenities, great natural light, large balconies, abundant car parking and easy access given it is located only 1km from the Brisbane CBD and 700m from South Brisbane train station.
Outstanding risk adjusted return for investors given the asset quality and strong cash flows.
Since taking ownership, the Fund has invested heavily in sustainability initiatives such as a major End of Trip and bicycle storage upgrade, better metering, an upgraded building BMS, the installation of a 240kW solar array and many other efficiency upgrades such as LED lighting.
