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109 Pitt Street View More Images

For Sale | Other Investment Property

Prime Alternative Investment Opportunity

109 Pitt Street
Sydney, NSW 2000
Australia
Inquire About This Property
Building Size:
1,329 SQM
Sale Price:
Negotiable
Key Features
  • Alternative Investment
  • Secure Covenant
  • Rare Opportunity

Cushman & Wakefield is pleased to exclusively offer for sale the 109 Pitt Street, Sydney Car Park. One of the Sydney CBD’s best located alternative real estate investments. It offers a highly defensive and resilient income stream with an exceptionally secure tenant covenant.


· Alternative Asset with Defensive & Secure Cashflow

$1.85m* net income with fixed 3.0% rental increases

       

· Secure Tenant Covenant

100% leased until 2027 to Secure Parking (PARK24)

        

· Rare Opportunity with Diminishing Supply

Sydney CBD planning controls restrictive on parking ratios for new developments

 

· Strategically Located within Sydney’s Financial Core

Immediate vicinity of proposed Sydney Metro West Station and 5 new premium mixed-use developments


 · Situated Within “Tower Cluster Zone”

Underdeveloped Parent building situated on a 1,329sqm* site


For sale by Expressions of Interest closing 4pm (AEST) Wednesday 5 July 2023



*Figures are approximate

- Sydney CBD
109 Pitt Street View More Images

Brokers

Brad Hamilton
Brad Hamilton

Director, Middle Markets - NSW
Sydney, Australia

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