SOLD to Sitex for $12.95 million

117 Harrington Street, The Rocks, New South Wales 2000

Office For Sale

Offers
Floor Area: 1,416.00 m2.    

Building Class: C

Dawnay Day House

Description

117 Harrington Street is a fully leased commercial investment with blue chip tenants, three street frontages and a rooftop terrace with Sydney Harbour views in the commercial hub of the CBD.

The property is located in the core of Sydney's CBD bounded by Harrington, Gloucester and Essex Streets. It is less than 100 metres from George Street and within close walking distance to Wynyard rail and bus terminal and Circular Quay.

Refurbished five level, fully let building with a mix of retail and office accommodation and a potential residential unit of 193sqm with a balcony of approx 115sqm.

100% leased with a WALE just under 5 years as at 1 June 2013.

The estimated net income is $913,603 per annum (as at 1 Feb 2014)

Initial yield of 7.0% net

Significant capital expenditure undertaken on the asset within the past 5 years.

Multiple exit strategies - strata in one line.

Recently completed full foyer refurbishment including new building signage.

Features

  • Prime CBD location
  • Sturdy Heritage buiding
  • Total NLA 1,416m²

Transaction Details

23 May 2018
117 Harrington Street, SYDNEY NSW 2000, AUSTRALIA

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