190 George Street, Sydney, NSW
DESCRIPTION
This is a strategic holding, giving Mirvac a presence in a prominent area of the Sydney CBD, which has potential for commercial redevelopment. The site has been consolidated with the adjoining building owned by Mirvac.
| SUMMARY INFORMATION | |
|---|
| GRADE | B Grade |
| OWNERSHIP | 100% MPT |
| NLA | 9,261 sqm |
| CARSPACES | 25 |
| ACQUISITION DATE | Aug 03 |
| LAST EXTERNAL VALUATION DATE | 31 Dec 11 |
| VALUATION AT 31 DEC 11 | $40.0m |
| VALUER | SAVILLS |
| CAPITALISATION RATE | 8.00% |
| DISCOUNT RATE | 9.50% |
| GROSS OFFICE RENT | $411/sqm |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| CLIFTONS | 3,405 | Dec 14 |
| PACIFIC GATEWAY INTERNATIONAL COLLEGE | 852 | Feb 15 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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