This property consists of two buildings and a ground floor retail plaza: 10 Bond Street has seven levels of office space; and 20 Bond Street offers 31 levels of office space, with the upper floors commanding harbour views.

Substantial improvements were completed in 2011 to upgrade the building and cement its position as one of Sydney's premier CBD A-grade properties that attracts tenants from a range of industries, including financial services, legal and recruitment.

Highlights

  • 38,271 SQM
    Total Lettable area
  • $251.0 million
    Book
    Value
  • 3.5 Years
    Weighted Average lease expiry
  • 5.5
    4.0
    Stars
    Energy | water Nabers Rating

Key Features

Building grade A Grade
Ownership 50%
Acquired/built/refurbished 1989/1979/1995, 1999 & 2011
Car spaces 169
Lettable area 38,271sqm
Average floor plate 950sqm
Passing face rent $758psqm pa net
Net property income $10.1m
External valuation/date $251.0m/June 2016
Value/lettable area $13,117psqm
Book value $251.0m
Cap rate 5.54%
Discount rate 7.04%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
1% OCCUPANCY 99%
FY17
13%
FY18
16%
FY19
20%
FY20
10%
FY21
25%
BEYOND
15%

Major Tenants

Fitness First 4,445sqm 12% of NLA

EXPIRY Mar 2024

Origin Energy 3,746sqm 10% of NLA

EXPIRY Nov 2019

Trust Company 3,444sqm 9% of NLA

EXPIRY Apr 2021