8 Nicholson Street is a freestanding A-Grade 18-storey office tower situated on the eastern edge of the Melbourne CBD. This is a highly visible gateway location with a commanding presence and modern contemporary design.

The area is a State/Federal Government precinct that adjoins the Victorian State Parliament, with access to a number of cultural amenities and the green spaces of Carlton, Parliament and Fitzroy Gardens.

8 Nicholson Street has three levels of basement parking and is well connected by several tram routes, and train services with Parliament Station a short walk away. The area is also very well serviced by a range of convenience retail and food outlets.

- Highly visible central Melbourne location

- Contemporary design

- Excellent transport links

  • NABERS Water
    3.5 Star Water Rating

Property Details

Building type
A Grade - office
Title
Freehold
Site area (hectares)
0.3
Lettable area ('000sqm)
22.8
Typical floor area (sqm)
1,650
Number of buildings
1
Car parking spaces
91
NABERS Energy rating (with Green Power)
Exempt
NABERS Energy rating (without Green Power)
Exempt
NABERS Water rating
NR
Year built
1991
Major tenant
State of Victoria
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Melbourne CBD
Zoning
Business 2 Zone 1 (B2Z)
Acquisition date
November 1993
Book value at ownership ($m)
183.5
Independent valuation date
December 2018
Independent valuation at ownership ($m)
183.5
Market cap rate (%)
5.00
Initial yield (%)
6.15
Leased by area (%)
100
Weighted lease term by income (years)
9.5