Cushman & Wakefield is pleased to exclusively present for sale a 100% freehold interest in 16 Spring Street, Sydney.

A tightly held boutique asset in the heart of the Financial Core, positioned for SME demand and rental growth. Now separate from the consolidated site, the asset offers long-term value creation through repositioning and resetting the existing leasing profile towards a longer-term income base.

Located opposite the future Hunter Street Metro West Station (opening 2032) and 300m from the existing Metro, 16 Spring Street offers prime access to transport, retail and commercial infrastructure in Sydney’s most desired precinct. Supported by a diverse tenant income profile, the asset is tailored to Sydney’s deep SME occupier pool and well positioned to capture incoming growth.

Investment Highlights:

·        A 100% freehold interest on a 461.6sqm site, delivering 3,171.8sqm of NLA across Ground and 10 upper office floors, with SP5 Metropolitan Centre zoning and an 8:1 FSR

·        Scarce freehold offering: one of only 13 boutique B-Grade assets in the Financial Core not already held for redevelopment, with 78,600sqm of Financial Core stock already earmarked for conversion, redevelopment or amalgamation

·        Efficient side-core floorplates of ~306sqm, tailored to Sydney’s deep SME occupier pool, with 44% of leasing enquiry seeking floorplates under 500sqm

·        At the doorstep of unprecedented transformation, opposite the future Hunter Street Metro West Station (opening 2032) and 300m from the existing Metro, benefiting from $15bn+ of investment in infrastructure and amenity

·        Compelling leasing and repositioning upside, with passing rents ~23% below market and a potential net income of $2.76m p.a. when fully leased, compared with a net passing income of $1.18m p.a.

·        Core net effective rents have grown at a five-year CAGR of 8.0% and are forecast to grow a further 6.3% p.a. over the next five years (CBRE Research)

·        Points of difference include an exclusive 92.8sqm rooftop courtyard terrace and a double-height ground floor tenancy

·        Diverse income profile across multiple tenants, with no single tenant contributing more than 21% of gross passing income

·        Strong environmental credentials, including a 5.0-star NABERS Indoor Environment rating, 3.5-star NABERS Energy rating and 4.0-star Green Star Performance rating

·        Multiple exit strategies, including a passive income hold, targeted repositioning, owner occupation of part or whole, or a strata sell-down, with comparable CBD strata transactions achieving in excess of $15,000psm

·        Opportunity to acquire in-one-line with 23 O’Connell Street, creating a 923sqm combined site with dual street frontages and access between Spring and O’Connell Streets

A 100% freehold interest in 16 Spring Street, Sydney, is being offered by way of an International Expression of Interest (EOI) process, either individually or in-one-line with 23 O’Connell Street, closing at 4:00pm (AEDT) on Thursday 26 November 2026.