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
- TitleFreehold
- Asset locationNorth Sydney
- ZoningB3 Commercial Core
- Site area (hectares)0.6
- Lettable area ('000sqm)5.2
- Lettable area adjusted for ownership ('000sqm)2.6
- Number of buildings1
- Typical floor area (sqm)355
- Car parking spaces35
- Owner DXS,DEXUS OFFICE PARTNER
- Ownership (%)50
- Co-ownerDexus Office Partner
- Major tenantChristie Spaces
- Acquisition dateDecember 2017
- Book value at ownership ($m)23.5
- Independent valuation dateJune 2023
- Independent valuation at ownership ($m)23.5
- Market cap rate (%)6.00
- 12 month rolling yield (%)8.65
- Leased by area (%)1.00
- Weighted lease term by income (years)0.4
- NABERS Energy rating (with Green Power)
- NABERS Energy rating (without Green Power)4.0
- NABERS Indoor EnvironmentNR
- NABERS WasteNR
- NABERS Water ratingNR