56 Berry Street is a 5,175 square metre B Grade office building, located within North Sydney Council’s Ward Street masterplan precinct.

  • NABERS Energy
    3 Star Energy Rating

Property Details

Building type
B Grade - office
Title
Freehold
Site area (hectares)
0.6
Lettable area ('000sqm)
5.2
Lettable area adjusted for ownership ('000sqm)
2.6
Typical floor area (sqm)
410
Number of buildings
1
Car parking spaces
36
NABERS Energy rating (with Green Power)
NR
NABERS Energy rating (without Green Power)
NR
NABERS Water rating
N/A
Year built
1972
Major tenant
Christie Corporate
Owner
DXS
Ownership (%)
50
Co-owner
Dexus Office Partner

Property Statistics

Metro area
North Sydney
Zoning
B3 Commercial Core
Acquisition date
December 2017
Book value at ownership ($m)
31.5
Independent valuation date
December 2018
Independent valuation at ownership ($m)
31.5
Market cap rate (%)
5.25
Initial yield (%)
5.66
Leased by area (%)
100
Weighted lease term by income (years)
4.8