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.

Property Information

  • Building typeB Grade - office
  • Year built1972
  • TitleFreehold
  • Metro areaNorth 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 Corporate
  • Acquisition dateDecember 2017
  • Book value at ownership ($m)28.5
  • Independent valuation dateJune 2022
  • Independent valuation at ownership ($m)28.5
  • Market cap rate (%)5.00
  • Initial yield (%)5.89
  • Leased by area (%)100
  • Weighted lease term by income (years)1.4

  • NABERS Energy rating (with Green Power)4.0
  • NABERS Energy rating (without Green Power)4.0
  • NABERS Indoor EnvironmentNR
  • NABERS WasteNR
  • NABERS Water ratingNR
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