3 Spring Street, Sydney

Overview

3 Spring Street is a B-Grade office building providing over 7,000 square metres located adjacent to 56, 58 and 60 Pitt Street, Sydney. Situated in the heart of the financial district, Spring Street is located in the heart of Sydney’s Financial Core, minutes from Circular Quay.

Property Information

  • Building typeB Grade - office
  • Year built1973
  • TitleFreehold
  • Metro areaSydney CBD
  • ZoningBusiness 2 Zone 1 (B2Z)
  • Site area (hectares)0.1
  • Lettable area ('000sqm)7.3
  • Lettable area adjusted for ownership ('000sqm)3.6
  • Number of buildings1
  • Typical floor area (sqm)437
  • Car parking spaces12
  • Owner DXS,DEXUS OFFICE PARTNER
  • Ownership (%)50
  • Co-ownerDexus Office Partner
  • Major tenantChristie Corporate
  • Acquisition dateSeptember 2019
  • Book value at ownership ($m)91.8
  • Independent valuation at ownership ($m)91.9
  • Initial yield (%)2.19
  • Leased by area (%)100
  • Weighted lease term by income (years)4.5

  • NABERS Energy rating (with Green Power)NR
  • NABERS Energy rating (without Green Power)NR
  • NABERS Indoor EnvironmentNR
  • NABERS WasteNR
  • NABERS Water ratingNR
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