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 25 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 : 72.80%
Date of acquisition : 29 November 2012
Cost of acquisition(including incidentals) : AUD120,311,000
Fair value adjustments for the financial year : AUD7,794,000 or RM23,531,000
Market value : AUD90,000,000
Date of last valuation : 31 May 2023
Independent valuer : CIVAS (NSW) Pty Limited
Net book value : RM278,222,000