62 Pitt Street,
Sydney, NSW 2000
Offices • Shops & Retail
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Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
04122361...
62 Pitt Street
Sydney, NSW 2000
Map of 62 Pitt Street
SYDNEY CBD CORNER FREEHOLD BUILDING
- 56m* frontage to Pitt & Spring Street
- 1,709sqm* NLA over eight levels
- Prime retail incl. Optus & Flight Centre
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).
*Approximately
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).
*Approximately
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Sydney, 2000 demographic data
The median household income for Sydney is $2,227, 7% higher than Greater Sydney's household income of $2,077. Sydney has a younger age profile compared to the rest of Greater Sydney (median age 32 vs 37). Property ownership data shows 41% of property owners in Sydney have a mortgage.
16,667
Population
$2,227 per week
Median household income
32 years
Median age
Renters
Most residents
Families
Most households
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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