14-18 Lee Street, Sydney

Overview

14-18 Lee Street forms part of the NSW Government’s plans to revitalise Sydney’s Central Station through the redevelopment of its Lee Street properties and Henry Deane Plaza in partnership with Frasers Property Australia.

The large-scale mixed-use redevelopment will integrate a transport and pedestrian solution.

Property Information

  • Building typeA Grade - office
  • Year built1999
  • TitleLeasehold
  • Metro areaSydney CBD
  • ZoningB8 Metropolitan Centre
  • Site area (hectares)0.4
  • Lettable area ('000sqm)14.5
  • Lettable area adjusted for ownership ('000sqm)7.2
  • Number of buildings1
  • Typical floor area (sqm)2,000
  • Car parking spaces90
  • Owner DXS,DEXUS OFFICE PARTNER
  • Ownership (%)50
  • Co-ownerDexus Office Partner
  • Acquisition dateApril 2014
  • Book value at ownership ($m)77.5
  • Independent valuation dateDecember 2021
  • Independent valuation at ownership ($m)77.5
  • Market cap rate (%)5.25
  • Initial yield (%)-1.22
  • Leased by area (%)2
  • Weighted lease term by income (years)0.0

  • NABERS Energy rating (with Green Power)Exempt
  • NABERS Energy rating (without Green Power)Exempt
  • NABERS Indoor Environment5.5
  • NABERS WasteNR
  • NABERS Water ratingExempt
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