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MetCentre, 60 Margaret Street
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Ian Hetherington
+61 (0) 408 679 598
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Ben Azar
+61 (0) 416 282 292
+61 (0) 2 8215 8824 |
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For Sale | 60 Margaret Street | MetCentre - Sydney
60 Margaret Street | MetCentre is an exceptional commercial and retail offering set to benefit from surrounding developments and major infrastructure upgrades, in particular the pedestrianisation of George Street and the light rail. Positioned on the prominent corner of Margaret and George streets, Sydney’s most renowned street, directly linked to Wynyard Station via an underground walkway and occupying an enormous site area of over 4,000sq m it is only one of six A-Grade buildings with more than 40,000s qm of Net Lettable Area (NLA) within the city’s financial core.
An opportunity exists for strong rental reversion with current market fundamentals reflecting huge demand, limited supply and low incentives, resulting in an increase in effective rental growth. Paired with the surrounding infrastructure upgrades which will make the area a more attractive, vibrant and connected place to work and visit, 60 Margaret Street | MetCentre is an investment opportunity not to be missed.
The 50% interest in 60 Margaret Street | MetCentre is formally offered for sale via an International Expressions of Interest closing 4pm (AEST) Thursday, 12th July 2018.
www.60m.com.au
- A-Grade office tower with a significant retail offering
- Located in the financial core of the Sydney CBD above Wynyard Station
- Passing Net Income (fully leased) $42.7m*
- Large city core site area of 4,464sq m
- Total net lettable area of 47,131sq m
- WALE (by income): Office - 4.88 years | Retail - 3.35 years
- 4-Star NABERS Energy rating
- * Estimated and as at 30 June 2018
4-star NABERS Energy rating
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Type: |
Freehold |
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Car Parking: |
143 car spaces over 3 basement levels |
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Year Built |
1980 |
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Site Area (sq m) |
0 |
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Zoning |
Zoned City Centre under the Sydney LEP 2005 gazetted on 9 Dec 2005 |
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| Level | Suite | Sale Type | Price | Area (sq m) | | Enquire |
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