60 Margaret Street

60 Margaret Street, Sydney NSW

DA-0901[A]Visualisation

ABOUT

60 Margaret provides 47,179sqm of net lettable area on 4,464sqm of land in one of the most core positions in the Sydney CBD.

The Property is positioned in the spine of the Northern Core on a large dominant corner of the Sydney CBD with three (3) substantial street frontages and unique direct underground pedestrian access to Wynyard Station and Wynyard Walk.

STRATEGY

Strategic, high-quality, well-located asset with a defendable income profile, which is set to benefit from surrounding developments and major infrastructure upgrades. Strategy to enhance 60 Margaret from A- to A+ office and expand the retail flagship presence on George Street.

KEY FEATURES

  • Substantial land holding in the core of the Sydney CBD
  • The Property sits in a prime location with exceptional connectivity and social amenity
  • 31 levels of A-Grade office space with 3 levels of basement car parking for 143 cars. 40,772sqm of office space
  • 6,407sqm of lettable retail area, anchored by Woolworths with 73 specialty tenancies
  • Defendable and reliable income, with strong leasing covenants to ING, JustCo, Ozforex, Virgin Active and Woolworths
  • The strategy for the retail is to focus on the George Street Podium to establish a flagship brand presence at the northern end of George Street
  • Sydney is positioned to capture the expected growth in white collar employment, which equates to 300,000sqm of demand for the Sydney CBD to 2025
  • Sydney CBD is supply constrained given construction cost inflation, planning and geographic limitations.
AsheMorgan_Assets_60_Margaret_Street_09.01.16 220718-A193WEB-min
Exterior
AsheMorgan_Assets_60_Margaret_Street_60 Marg sideWEB-min
map

Asset management

AsheMorgan_Team_Jamie_OReilly

Investment Manager

Jamie O’Reilly

AsheMorgan_Team_Richard_Bartlett

Investment Manager

Richard Bartlett