60 Collins Street, Melbourne

Overview

60 Collins Street is a B-Grade 15-storey office building, located on a prime corner of Collins and Exhibition Streets in the Eastern Core of the Melbourne CBD. This historic office tower also benefits from close proximity to numerous transport options with immediate access to tram services along Collins Street and Parliament Station just one block away.

Property Information

  • Building typeB Grade - office
  • TitleFreehold
  • Site area (hectares)0.1
  • Lettable area ('000sqm)10.4
  • Lettable area adjusted for ownership ('000sqm)10.4
  • Typical floor area (sqm)770
  • Number of buildings1
  • Year built1965
  • Major tenantMunicipal Association of Victo
  • OwnerDXS
  • Ownership (%)100
  • Metro areaMelbourne CBD
  • ZoningCapital City Zone
  • Acquisition dateOctober 2018
  • Book value at ownership ($m)160.0
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)160.0
  • Market cap rate (%)4.50
  • Initial yield (%)2.29
  • Leased by area (%)94
  • Weighted lease term by income (years)2.1

  • NABERS Energy rating (with Green Power)2.5
  • NABERS Energy rating (without Green Power)2.5
  • NABERS Water rating3.0