8 Nicholson Street, Melbourne
Overview
8 Nicholson Street is a freestanding A-Grade 18-storey office tower situated on the eastern edge of the Melbourne CBD. This is a highly visible gateway location with a commanding presence and modern contemporary design.
The area is a State/Federal Government precinct that adjoins the Victorian State Parliament, with access to a number of cultural amenities and the green spaces of Carlton, Parliament and Fitzroy Gardens.
8 Nicholson Street has three levels of basement parking and is well connected by several tram routes, and train services with Parliament Station a short walk away. The area is also very well serviced by a range of convenience retail and food outlets.
- Highly visible central Melbourne location
- Contemporary design
- Excellent transport links
Property Information
- Building typeA Grade - office
- Year built1991
- TitleFreehold
- Metro areaMelbourne CBD
- ZoningBusiness 2 Zone 1 (B2Z)
- Site area (hectares)0.3
- Lettable area ('000sqm)23.5
- Lettable area adjusted for ownership ('000sqm)23.6
- Number of buildings1
- Typical floor area (sqm)1,650
- Car parking spaces91
- OwnerDXS
- Ownership (%)100
- Major tenantState of Victoria
- Acquisition dateNovember 1993
- Book value at ownership ($m)244.0
- Independent valuation dateJune 2022
- Independent valuation at ownership ($m)244.0
- Market cap rate (%)4.75
- Initial yield (%)5.15
- Leased by area (%)100
- Weighted lease term by income (years)6.4
- NABERS Energy rating (with Green Power)6.0
- NABERS Energy rating (without Green Power)4.5
- NABERS Indoor Environment4.5
- NABERS Waste2.5
- NABERS Water rating5.0