60 Miller Street, North Sydney

Overview

60 Miller Street is located in a prominent corner position within the North Sydney CBD. The property comprises 12 levels of office accommodation, two levels of retail and three levels of basement parking.

A five-storey annex building offers large floor plate sizes and significant refurbishment to the original office building including a new foyer and lifts.

Ideally situated, the building is close to major bus and train routes, and just a stone’s throw from Greenwood Plaza, North Sydney’s refurbished shopping and leisure destination.

Property Information

  • Building typeA Grade - office
  • TitleFreehold
  • Site area (hectares)0.4
  • Lettable area ('000sqm)19.3
  • Lettable area adjusted for ownership ('000sqm)19.3
  • Typical floor area (sqm)1,150
  • Number of buildings1
  • Car parking spaces165
  • Year built1987
  • Major tenantFlight Centre
  • OwnerDXS
  • Ownership (%)100
  • Metro areaNorth Sydney
  • ZoningB3 Commercial Core
  • Acquisition dateDecember 1998
  • Book value at ownership ($m)244.0
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)244.0
  • Market cap rate (%)5.50
  • Initial yield (%)5.38
  • Leased by area (%)100
  • Weighted lease term by income (years)4.6

  • NABERS Energy rating (with Green Power)5.5
  • NABERS Energy rating (without Green Power)5.5
  • NABERS Water rating3.5