62 Pitt Street presents a rare chance to own a prestigious corner freehold building in what is a prime location within Sydney CBD’s ‘Financial Core’.

This freestanding building with 56 metres of street frontage to Spring and Pitt Street is valuable to an investor, occupier, or future developer.

Identified as a ‘tower cluster’ area under the ‘Central Sydney Planning Strategy’ (CSPS), the proposed developable height on this city block will increase up to 300 metres, while the existing structure sits at 23 metres.

The building consists of seven floors of office space, including efficient 221sqm floor plates, two ground floor retail premises and new end of trip facilities making up 1,709sqm NLA on a 284sqm site.

Scarcity of competing office space options within the Financial Core underpins the property’s growth and provides opportunity to secure market rents for 43% of the office component within the next 12 months. Floor plates are easy to subdivide, have excellent natural light throughout, and 2.75 metre ceiling heights.

The asset is strategically positioned in between Circular Quay and Martin Place and is set to benefit from surrounding new infrastructure and development including the new Sydney Metro, George Street Light Rail and Circular Quay Ferry Terminal upgrade, adding valuable amenity and accessibility.

62 Pitt Street, Sydney is for sale via Expressions of Interest closing Thursday, 7 March 2019 at 4pm (AEDT).

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