Address/Location : 515 Queen Street, Brisbane, Queensland.
Property description : 28-storey hotel building comprising 267 rooms with 3 levels of basement car park.
Property type : Hotel
Age : Approximately 20 years
Title details : Lot 5 on survey plan 100339 comprised in certificate of title reference no.50218402 in the Parish of North Brisbane and County of Stanley.
Encumbrances/Limitation in title/ interest : The property is charged to secure financing and there is no restriction attached to the title.
Status of holdings : Freehold
Existing use : Commercial building
Parking spaces : 78 bays
Average occupancy rate : 85.06%
Date of acquisition : 29 November 2012
Cost of acquisition : AUD113,000,000
Fair value adjustments for the financial year : (AUD1,741,000) or (RM5,162,000)
Market value : AUD80,000,000
Date of last valuation : 30 April 2018
Independent valuer : CIVAS (QLD) Pty Limited
Net book value : RM241,808,000