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The Zenith, 821 Pacific Highway, Chatswood
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The Zenith, 821 Pacific Highway, Chatswood
The Zenith is a twin-tower office complex, located in the Chatswood commercial precinct between the Pacific Highway and the North Shore railway line. The towers each have 21 levels of A-grade office accommodation with ground floor retail space, a 250 seat theatre and five levels of basement parking.
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Building type:
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A Grade Office
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Title:
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Freehold
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Site area: (hectares)
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0.8
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Lettable area:
('000 m2)
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Typical floor area:
(m2)
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1050
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Number of buildings:
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2
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Car parking spaces:
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799
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NABERS Energy rating: (with GreenPower)
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4.0
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NABERS Energy rating: (without GreenPower)
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3.0
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NABERS Water rating:
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3.0
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LEED rating:
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Green Star rating:
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Year built:
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1987
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Major tenant:
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State of NSW
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Ownership:
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DXS
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Ownership %:
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50
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Co-cowner:
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GPT Wholesale Office Fund
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Metro area:
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Sydney
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Zoning:
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3(c2) - Business Commercial
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Zoning:
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Zoning:
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Zoning:
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Zoning:
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Site coverage: (%)
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Number of units:
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Office content: (%)
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Average unit size:
('000 m2)
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Acquisition date:
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Dec 1998
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Acquisition price plus additions: (AU $m)
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Book value: (AU $m)
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$117.7
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Independent valuation date:
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Jun 2010
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Independent valuation: (AU $m)
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$107.5
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Market cap rate: (%)
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8.63
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Initial yield: (%)
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9.54
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Discount rate: (%)
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9.25
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Average passing rent:
(AU$/m2)
:
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Average market rent:
(AU$/m2)
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Leased by area: (%)
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100
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Weighted lease term by income: (year/s)
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4.3
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