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Description
1 Alfred St, (known as “Gold Fields House”) is one of Sydney’s early high rise office buildings, constructed circa 1966. The property was significantly refurbished in 1990-92 and the lifts were upgraded in 2006.
The building has 25 levels of B-grade office accommodation with typical floor plates of 888sqm for the lower levels and 953sqm for the upper levels. The building has ground and lower ground retail fronting Circular Quay and secured basement car parking over two levels. The building also offers prominent roof top signage.
Location
Gold Fields House is located on the southern side of Alfred St at Circular Quay, the gateway to the Sydney CBD. The site is rectangular in shape and has frontages to Alfred St, Pitt St and George St. The site area is approximately 2,680sqm and access to the basement car park is provided from Pitt St.
The building is approximately 880m north of Sydney’s GPO and directly opposite Circular Quay Railway Station and Ferry terminals. This landmark address and building design ensures the majority of office levels enjoy uninterrupted panoramic views of Sydney Harbour.
Key Information
- OwnershipVFML 60%, Stichting Pensioenfonds ABP 40%
- Acquisition26/06/2006
- Purchase Price ($,000)274,100
- Book Value ($,000)290,963
- Independant Valuation Date30/06/2007
- Independant Valuation ($,000)302,500
- Independant ValuerColliers
- Valuation Cap Rate5.50%
-
Net Lettable AreaOffice: 22,979 sqm
Retail: 1,260sqm - Typical Floor Plate888
- Car Spaces112
- Occupancy as at 31/3/200898.2%
- No. Of Tenants34
- WALE as at 31/12/20061.82
- Rent Review StructureVarious
- Age of Building1966
Contact Details
- Phillip Rockliff
- 02 8257 6690