5 Martin Place, Sydney
Overview
5 Martin Place is a first-class office building that marries the contemporary needs of today's businesses with the desire to celebrate and honour Sydney’s past.
The modern design includes a new tower with an 11-storey central atrium ‘light well’ and triple height foyer. 5 Martin Place’s heritage component has been thoughtfully updated while retaining its distinctive features such as the sandstone and marble façade and marble clad stairs.
5 Martin Place offers 19 levels of Premium office space with 1,100-2,400 square metres typical floor plates. The upper floors benefit from a full-height glass façade that fills the workspaces with natural light and offer views over Martin Place and the CBD.
The building occupies a prominent corner position within Martin Place and sustainability is at the core of its design with the building achieving a 5 Star (Office Design v3) and a 5 Star (Office As Built v3) Green Star rating.
- Prominent corner location in Martin Place
- Modern design that pays tribute to the past
- Large light filled atrium and triple height foyer
Asset Information
- Asset typePremium Grade - office
- Year built1916/2015
- TitleFreehold
- Asset locationSydney CBD
- ZoningB8 Metropolitan Centre
- Site area (hectares)0.3
- Lettable area ('000sqm)33.5
- Lettable area adjusted for ownership ('000sqm)8.4
- Number of buildings1
- Typical floor area (sqm)1,100-2,400
- Car parking spaces13
- Owner DXS,DEXUS OFFICE PARTNER
- Ownership (%)25
- Co-ownerDexus Office Partner, Cbus Property
- Major tenantAshurst Australia Services Pty Limited
- Acquisition dateApril 2014
- Book value at ownership ($m)190.0
- Independent valuation dateJune 2023
- Independent valuation at ownership ($m)190.0
- Market cap rate (%)4.75
- 12 month rolling yield (%)4.84
- Leased by area (%)92
- Weighted lease term by income (years)3.3
- NABERS Energy rating (with Green Power)6.0
- NABERS Energy rating (without Green Power)5.5
- NABERS Indoor Environment3.0
- NABERS Waste5.5
- NABERS Water rating5.0
- Green Star rating5.0 Star (Office Design v3), 5.0 Star (Office As Built v3)