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37 & 41 O’Connell Terrace, Bowen Hills

real estate, international, local, bespoke solutions, investors, independent, accounting

VennCap acquired 37 & 41 O’Connell Terrace in November 2016 for $52 million, showing an initial yield of 6.39% with a WALE of 17 years.

The building is underpinned by long term leases to Brisbane City Council occupying 60% of the building and Queensland Government occupying 30% of the building.

The building was acquired with three vacant tenancies, all of which were leased within the first six months of ownership.