Positioned at the corner of Walker and Mount streets, 99 Walker Street is ideally located in the heart of North Sydney, offering 22 levels of office space sweeping views of Sydney Harbour from the upper floors and excellent natural light.

Acquired in July 2013 with more than 30% of the income expiring within 18 months, Investa transformed the building's potential by leasing over 5,000sqm to Jemena, converting the existing food court into a 2,500sqm Coles supermarket, and attaining a 4.5-star NABERS Energy rating.

Highlights

  • 20,014 SQM
    Total Lettable area
  • $220.0 million
    Book
    Value
  • 8.7 Years
    Weighted Average lease expiry
  • 4.5
    4.0
    Stars
    Energy | water Nabers Rating

Key Features

Building grade A Grade
Ownership 100%
Acquired/built/refurbished 2013/1988/2007 & 2013
Car spaces 263
Lettable area 20,014sqm
Average floor plate 800sqm
Passing face rent $601psqm pa net
Net property income $10.2m
External valuation/date $220.0m/June 2016
Value/lettable area $10,992psqm
Book value $220.0m
Cap rate 6.00%
Discount rate 7.50%
  • LEASE EXPIRY PROFILE BY INCOME
Vacant
5% OCCUPANCY 95%
FY17
0%
FY18
11%
FY19
0%
FY20
1%
FY21
8%
BEYOND
75%

Major Tenants

GE Capital Finance 6,268sqm 31% of NLA

EXPIRY June 2022

Jemena 5,606sqm 28% of NLA

EXPIRY Feb 2028

Coles 2,483sqm 12% of NLA

EXPIRY Nov 2035