100 Mount Street is the location for a new development of a 34 level premium office tower spanning 41,419 square metres. This prime development site occupies one of the best locations in North Sydney on the corner of Mount and Walker Streets with a third street frontage to Spring Street. The site has prime retail exposure and benefits from its proximity to key transport infrastructure, in addition to excellent natural light and Harbour views from its eastern and southern aspects.

The development will target 5 star Green Star and 5-star NABERS Energy ratings, and will offer office floor plates ranging from 1,200-1,300 square metres. The development commenced in 2016 and has planned staged practical completion from June 2018 to December 2018 to enable early access and integrated fit-out works prior to final practical completion.

Property Details

Building type
Development
Title
Freehold
Site area (hectares)
1.8
Major tenant
NBN
Owner
DXS
Ownership (%)
50
Co-owner
Dexus Wholesale Property Fund

Property Statistics

Metro area
North Sydney
Zoning
B3 Commercial Core
Acquisition date
April 2016
Book value at ownership ($m)
150.0
Independent valuation date
December 2017
Independent valuation at ownership ($m)
150.0
Market cap rate (%)
5.25
Leased by area (%)
60
Weighted lease term by income (years)
4.9