Cushman & Wakefield together with CBRE are pleased to exclusively present for sale 32-36 York Street, Sydney a brand new core investment opportunity in the historic heart of Sydney CBD.
Key Investment Highlights:
· Brand New Core Investment Completed in August 2024 and built to A-Grade specification, 32-36 York is one of only 4 brand new, boutique (sub 10,000sqm NLA) office buildings to be delivered in Sydney CBD in the last 10 years;
· 100% Freehold Super rare opportunity to acquire a 100% interest in a core grade yet liquid price point asset in Sydney CBD, where only 3 assets in the $100m to $250m price band have traded in the last 5 years;
· Strong Income Profile Nearing 100% occupancy at PC, the asset provides clean and secure income with a 7.7 year WALE and high retention probability given new, first generation tenants;
· Central CBD Location Located only 270m walk to Martin Place, 32-36 York holds a prominent position of York Street, adjacent to the King Street intersection in the central heart of Sydney CBD and surrounded by luxury, global retailers including Apple, Louis Vuitton, Cartier;
· A Highly Sustainable Asset An adaptive re-use of the former structure, the new build is a hybrid timber frame and concrete structure which reduced embodied carbon emissions by 36%, equivalent to 7 years of operation. The asset will also provide 5 Star Green Star and 5 star NABERS ratings;
· A Unique Proposition Designed to retain heritage character, the asset has a 27m wide frontage to York Street, 4m floor to ceiling clearances and restored wooden columns. The asset also provides tenants with a fully landscaped 250sqm rooftop terrace and A-Grade specification EOT facilities.
A 100% Freehold interest in 32-36 York Street, Sydney is for sale by International Expressions of Interest closing on Thursday 17th October 2024 at 3pm (AEDT).
