Property ID: S36
This premium asset, located at Suite 401, Level 4, 72 Pitt Street, is currently vacant and available due to the owner’s strategic adjustment, offering a rare opportunity for discerning investors to acquire a prime core asset.
Situated in the heart of Sydney’s CBD, the property is within 50 meters of both Martin Place and Wynyard train stations, with the new Martin Place Metro entrance just steps away. The surrounding area boasts a vibrant commercial atmosphere, comprehensive amenities, and daily foot traffic exceeding 100,000 people, making it a highly valuable investment.
As a scarce resource in the CBD, its advantages are clear:
Property Highlights：
Prime Unbeatable Location
Located in Sydney’s CBD financial core, within 4-6 minutes’ walk from Martin Place and Wynyard stations.
Close proximity to the new Martin Place Metro entrance, offering top-tier dual transportation hub access.
Significant Redevelopment Potential：
Historical developer valuations reached $22,000/sqm, with comparable nearby properties achieving $22,000–25,000/sqm.
Zoned SP5 Metropolitan Centre, allowing for super-tall building development with no height restrictions.
Low Holding Costs:
Annual outgoings of only $34,000 (Quarterly costs of $8,500), approximately 50% lower than comparable CBD properties and ensure excellent long-term holding economics.
Exclusive Ownership Rights:
Full ownership of the Level 4 corridor and kitchen facilities.
Exclusive signage rights for the Level 4 lobby, providing complete control over the entire floor’s common areas.
Strong Market Recovery Potential:
Offers appreciation potential equivalent to A-grade assets.
Additional value-add opportunities through redevelopment potential.
Property Overview
Address: Suite 401, Level 4, 72 Pitt Street, Sydney 2000
Area: 185 sqm
Zoning: SP5 Metropolitan Centre
Status: Vacant and ready for immediate use
Investment Recommendations:
Suitable for institutional investors seeking long-term asset allocation.
Ideal for developers targeting value-added enhancements and redevelopment.
Perfect for high-net-worth investors allocating to core CBD assets.
