As the exclusive selling agent, Stanton Hillier Parker is pleased to present for sale 400 Kent Street, Sydney.
This is a rare Sydney CBD investment opportunity with 8 years remaining on the lease to Australia's largest regional university, offering a strong and secure income with fixed annual increases. The property sits on a substantial site area of 1,175 square metres and boasts an impressive 56 metres of commanding Kent Street frontage. Located in Sydney's vibrant CBD, 400 Kent Street offers easy access to the city's iconic landmarks and attractions, with abundant public transportation optionstrain, bus, and light railwithin a 350-meter radius.
Key investment highlights:
- Exceptional 8-year WALE out of initial 14.6 years lease
- Central Queensland University is Australia's largest regional university
- $8.46 million per annum net income + fixed 3.0% annual increases
- 10,461 square metres of Net Lettable Area + 10 basement car spaces
- Significant presence with over 56 metres of Kent Street frontage
- Large 1,175 square metre site area
- Strategic major growth corridor in the Sydney CBD with future potential
- NABERS Exception (education use greater than 75%)
Positioned amidst significant infrastructure investments within the Sydney CBD, including the transformative $12 billion Sydney Metro City & Southwest project, the property is poised to benefit from enhanced travel efficiency between the CBD and the broader Greater Sydney region.
400 Kent Street is offered for sale via Expressions of Interest (EOI), closing 3:00pm (AEST) Thursday, 27 June 2024.
For more information, please contact the exclusive selling agents of Stanton Hillier Parker:
Steven Tsang
+61 434 288 875 | steven.tsangathillierparker.com
Richard Butler
+61 407 409 310 | richard.butlerathillierparker.com
*All figures are approximate.
