36 The Bond is a unique building on the water’s edge of one of Australia’s largest mixed-use development. Building one consists of 5 levels and building two providing 3 levels including a mezzanine level and massive forecourt.

Located opposite the planned Crown Casino development at Barangaroo, 36 Hickson Road occupies a world class location. The site is strategically located and anchors the Headland Park, Barangaroo Central and South Precincts. With rear lane access to Kent Street, there are strong pedestrian connections linking back to The Rocks, Wynyard Station and Circular Quay. The property benefits from all the amenities of the CBD, which will be further enhanced with the imminent completion of the Barangaroo development.

It was built at a time when Sydney was entirely dependent on gas for lighting and heating. It would occupy the key site on the Western perimeter of The Rocks until the Sydney Harbour and Maritime Services Board acquired the building, in 1921. Since then it has remained a stronghold of Sydney’s harbourside history.

Property Details

Building type
Heritage
Title
Freehold
Lettable area ('000sqm)
1.1
Typical floor area (sqm)
130-326
Number of buildings
2
Car parking spaces
20
Year built
circa 1900's
Major tenant
Enterprise Architects
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Sydney CBD
Zoning
B8 Metropolitan Centre
Acquisition date
September 2016
Book value at ownership ($m)
20.5
Independent valuation date
December 2018
Independent valuation at ownership ($m)
20.5
Market cap rate (%)
5.13
Initial yield (%)
3.93
Leased by area (%)
88
Weighted lease term by income (years)
4.4