Cushman & Wakefield and Knight Frank are delighted to present for sale a 100% interest in 13 Garden Street featuring an exceptional tenant profile, secure income stream and best-in-class ESG credentials.
PROMINENT ISLAND SITE
Set on a 3,215 sqm parcel of land, 13 Garden Street occupies a landmark position within one of Sydney's leading technology precincts; South Eveleigh.
CAPITALISE ON POSITIVE RENTAL REVERSION^
Provides an incoming purchaser significant rental reversion across the investment cycle.
INFRASTRUCTURE & TRANSPORT
South Eveleigh has undergone significant infrastructure works over the last decade further benefitting from the new Waterloo Metro Station.
ONE OF THE BEST PERFORMING OFFICE MARKETS NATIONALLY^^
Sydney's fringe office market is the best performing market in the country with a headline vacancy rate of 3.4%. South Eveleigh is one of the best performers in the market with a vacancy of 2.8%
'AAA' CREDIT RATED TENANTS
10% occupied by research-focused Federal Government tenant who underpin the 2.51 year WALE (by income)*.
MARKET LEADING ESG CREDENTIALS
13 Garden Street is the only 6-star NABERS Energy rated asset between 5,000 15,000 sqm in the Sydney CBD fringe.
^ Commonweatlh of Australia (Department of Defence) lease was agreed on a Gross Effective Rent
^^ Knight Frank Research (July 2024)
* As at 1 October 2024
A 100% freehold interest in 13 Garden Street, South Eveleigh is being offered for sale via International Expressions of Interest (EOI) closing Wednesday 25 September at 3pm (AEST).
