60 Margaret Street, Sydney, NSW
DESCRIPTION
This iconic building is situated in the heart of the Sydney CBD and comprises 36 levels of office accommodation and three levels of retailing with direct access to Wynyard Railway Station and Bus Terminal. Developed in 1980, the complex has been progressively refurbished and is the head office of Mirvac.
| SUMMARY INFORMATION | |
|---|
| GRADE | A Grade |
| OWNERSHIP | 50% MPT, 50% MTAA |
| NLA | 40,090 sqm |
| CARSPACES | 165 |
| ACQUISITION DATE | Aug 98 |
| LAST EXTERNAL VALUATION DATE | 31 Dec 10 |
| VALUATION AT 31 DEC 11 | $160.2m |
| VALUER | DIRECTORS VALUATION |
| CAPITALISATION RATE | 7.00% |
| DISCOUNT RATE | 9.00% |
| GROSS OFFICE RENT | $719/sqm |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| MIRVAC | 8,182 | Sep 15 |
| REUTERS AUSTRALIA | 5,384 | Feb 15 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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