Another interesting property that has recently been listed is the beautiful heritage building at 283 Elizabeth Street, Brisbane. CBRE’s Jack Morrison, Peter Chapple and Andrew Adnam are marketing it on behalf of a private company in Queensland.
Wonderfully located, 283 Elizabeth is in the heart of the golden triangle of Brisbane’s financial district. Known as Corbett Chambers, it is a building of 5 storeys plus basement. The building, built in 1907, was designed by Claude William Chambers incorporating Victorian and Italianate architectural styles. A $1.4 million refurbishment was completed mid-1995 then a further refurbishment was carried out in 2013. Works included a completely new foyer, upgraded lifts, facade and wall covers and fibre optic connectivity.
Corbett Chambers is 100% occupied and tenants include Corbett & Claude, GTA Consultants and Hartley Healy Family Law and returns $1,021,888 net per year.
The property last traded in 2009 at $9.4 million.
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