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121 Walker Street North Sydney, NSW 2060

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121 Walker Street,
North Sydney, NSW 2060

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  • Train stations within 5 km of 121 Walker Street, North Sydney, NSW 2060Distance
    North Sydney Station332 m
    Milsons Point Station846 m
    Waverton Station1.1 km
    Wollstonecraft Station1.7 km
    St Leonards Station2.2 km
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  • Tram stops within 5 km of 121 Walker Street, North Sydney, NSW 2060Distance
    Star City Light Rail Station3.4 km
    John Street Square Light Rail3.5 km
    Pyrmont Bay Light Rail Station3.6 km
    Metro Light Rail3.9 km
    Convention Light Rail Station3.9 km
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  • Bus stops within 5 km of 121 Walker Street, North Sydney, NSW 2060Distance
    Greenwood Plaza, Pacific Hwy150 m
    Pacific Hwy at Walker St193 m
    Miller St Before Pacific Hwy199 m
    Pacific Hwy at Mount St235 m
    Miller St After Pacific Hwy260 m
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DESIRABLE OFFICE INVESTMENT IN THE HEART OF NORTH SYDNEY CBD

  • 1,770sqm* over four full floors
  • Strategic 27.62% of Unit Entitlement
  • Secure parking for 13 cars
CBRE as the exclusive sales agent is pleased to present Levels 1, 11, 12 & 13 of 121 Walker Street, North Sydney, a perfectly positioned office investment opportunity in the revitalised North Sydney CBD precinct. Constructed in 1974, 121 Walker Street is a fourteen level strata titled commercial office building and is arguably the final remaining potential development opportunity in the North Sydney CBD. The building benefits from substantial refurbishment, with $1.2m* invested in a renovation of the façade and entrance in 2017, as well as upgrades to the lift cars and mechanical vent chiller in 2013. The offering boasts 1,770sqm* of NLA and 13 secure underground parking spaces, totalling a strategic 27.62% of unit entitlement. Currently vacant, it presents a great opportunity for owner occupiers or investors with an estimated fully leased net income of $996,183 per annum*. The potential for strata-subdivision is made available through the property’s favourable layout and functional floorplates. Their is also a development opportunity to amalgamate with adjoining properties, allowing for the development of a premium grade commercial tower (STCA).

Supported by unprecedented development and investment activity in the North Sydney CBD, 121 Walker Street benefits from substantial uplift in rental value. The construction of local transport infrastructure and significant commercial towers provides an attractive alternative for office tenants, with many viewing the precinct as an extension of the Sydney CBD. The elimination of office space due to residential conversions, commercial developments and compulsory acquisitions has further increased rental demand for B-grade office space in
North Sydney.

Levels 1, 11, 12 & 13 of 121 Walker Street, North Sydney benefits from the following key attributes:

- 1,770sqm* of desirable North Sydney CBD office space
- A strategic 27.62% of strata entitlements offered
- To be sold individually or in-one-line
- Secure parking for 13 cars
- Functional floor plates with sub-division potential
- Amalgamated Future Development Upside potential (STCA)
- Pre-eminent position surrounded by premium developments, retail and transport amenity
- Great accessibility, moments to bus, train and ferry services to Sydney CBD and greater North Shore. Set to benefit further from the upcoming Metro Station at Victoria Cross.


Levels 1, 11, 12 & 13 of 121 Walker Street, North Sydney is For Sale via Private Treaty.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

Property ID: 503936926Last Updated: 15 Jan 2022

realcommercial.com.au logo
121 Walker Street
North Sydney, NSW 2060
CBRE - Sydney
Level 21, 363 George Street
SYDNEY, NSW 2000
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