This 34 storey Premium office building offers stunning views across Sydney Harbour and the Royal Botanic Garden.

This new-generation office tower is considered to be one of Australia's finest, office towers, featuring an external services side core providing column-free floor plates of 1,444sqm, which are among the largest in Sydney. The 42,102 sqm building has a 5-star NABERS Energy rating with a distinctive entry foyer and a host of high quality tenant amenities.

Highlights

  • 42,102 SQM
    Total Lettable area
  • $241.3 million
    Book
    Value
  • 4.4 Years
    Weighted Average lease expiry
  • 5.0
    3.0
    Stars
    Energy | water Nabers Rating

Key Features

Building grade Premium
Ownership 25%
Acquired/built/refurbished 2012/2005/NA
Car spaces 82
Lettable area 42,102sqm
Average floor plate 1,340sqm
Passing face rent $1,171psqm pa net
Net property income $10.0m
External valuation/date $241.3m/June 2016
Value/lettable area $22,920psqm
Book value $241.3m
Cap rate 4.88%
Discount rate 6.75%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
5% OCCUPANCY 95%
FY17
1%
FY18
6%
FY19
38%
FY20
2%
FY21
24%
BEYOND
24%

Major Tenants

Allens 11,312sqm 27% of NLA

EXPIRY Jun 2019

Deutsche Bank 10,108sqm 24% of NLA

EXPIRY Oct 2020

Bank of Queensland 2,888sqm 7% of NLA

EXPIRY Mar 2025