14 Martin Place

Sydney, NSW

The building is located in a prime corner position in the centre of Sydney’s prestigious financial district.

The property consists of an 8 level heritage façade office building, built in circa 1892 that fronts Martin Place and an interconnecting 20 Level office tower fronting Pitt Street. The entire structure includes 1,911m2 of ground and lower ground floor retail. This building has a 3.5 star NABERS rating.

This property is held in joint venture with the Kirsh Group.

Ownership interest 50%
Cap rate 6.13%
Valuation date December 2014
Acquisition date June 2011
Site area 1,103m2
Net lettable area 13,139m2
Occupancy 95%
WALE by income 3.2 Years
Rent review stucture CPI and Fixed
Major tenants by income International Bank, IRESS and ROSS HR
Parking spaces -
Valuation range $60-70 million