Situated 50 metres from Pitt Street Mall, this 28 storey property consists of office space with lower level retail space.

Located at the intersection of two of Sydney's busiest CBD streets, this property includes a Coles Express on the lower level. An extensive refurbishment was completed in 1998 and the building continues to maintain strong environmental credentials, recently achieving a 4.5-stars NABERS Water Rating.

Highlights

  • 38,743 SQM
    Total Lettable area
  • $210.3 million
    Book
    Value
  • 2.4 Years
    Weighted Average lease expiry
  • 4.5
    4.0
    Stars
    Energy | water Nabers Rating

Key Features

Building grade A Grade
Ownership 50%
Acquired/built/refurbished 2002/1973/1998 & 2009
Car spaces 80
Lettable area 38,743sqm
Average floor plate 1,270sqm
Passing face rent $664psqm pa net
Net property income $14.8m
External valuation/date $210.0m/Nov 2015
Value/lettable area $10,841psqm
Book value $210.3m
Cap rate 6.00%
Discount rate 7.50%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
0% OCCUPANCY 100%
FY17
0%
FY18
0%
FY19
100%
FY20
0%
FY21
0%
BEYOND
0%

Major Tenants

IAG 35,817sqm 92% of NLA

EXPIRY Oct 2018

Coles 1,921sqm 5% of NLA

EXPIRY Oct 2018

ANZ 450sqm 1% of NLA

EXPIRY April 2019