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Investment highlights:

  • Prominent corner location, with three street frontages, including 62 metres along Elizabeth Street, fronting Hyde Park
  • Immaculately presented asset, over $18m in CAPEX completed in 2010
  • Telstra Corporation, A rated lease covenant, providing strong fixed annual rental growth of 4.25 percent p.a.
  • Direct underground access to Museum train station and moments from the new Pitt Street metro station (due for completion in 2024)
  • Boasting panoramic views of Hyde Park, Sydney Harbour and beyond
  • Long term opportunities include a commercial re-positioning (STCA)
  • Net passing income of $17.5m
  • 5-Star NABERS Energy rating

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Simon Storry

Head of International Investments - Australia

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