56 Berry Street, North Sydney

Overview

56 Berry Street is a 5,230 square metre B-Grade office building, located within North Sydney Council’s Ward Street masterplan precinct.

Asset Information

  • Asset typeB Grade - office
  • Year built1972
  • Asset locationNorth Sydney
  • Site area (hectares)0.6
  • Lettable area ('000sqm)5.02
  • Lettable area adjusted for ownership ('000sqm)2.51
  • Typical floor area (sqm)2.55
  • Car parking spaces35
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDexus Office Partner
  • Major tenantLiberty North Sydney
  • Acquisition dateDecember 2017
  • Book value at ownership ($m)15.8
  • Independent valuation dateDecember 2024
  • Independent valuation at ownership ($m)15.8
  • Market cap rate (%)7.75
  • 12 month rolling yield (%)-1.59
  • Leased by area (%)47
  • Weighted lease term by income (years)0.9

  • NABERS Energy rating (with Green Power)2.5
  • NABERS Energy rating (without Green Power)2.5
  • NABERS Indoor EnvironmentNR
  • NABERS WasteNR
  • NABERS Water rating1.5
  • Green Star rating2.0 Star (Performance v1.2)
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