Colonial Centre, 52 Martin Place, Sydney
Key Property Information
Colonial Centre is a landmark building which was completed in 1985 and comprises 33 office floors, including Channel 7's news studio, a two-level chamber with a ten storey atrium and a retail arcade linked at basement level to Martin Place railway station.
The property is located within the financial core of the Sydney CBD and the high-rise floors have views across the Domain and Botanic Gardens to Sydney Harbour.
The property is a leasehold title, with 33% of the area leased to the State Government of NSW for the full term of the ground lease until March 2110.
Key Information
| Location: | Sydney CBD, NSW |
| Acquisition Date: | June 2003 |
| Ownership/Title: | 50%/Leasehold (Expiring 2110) |
| Independent Valuation: | June 2007 |
| Valuation ($/m2): | $209.2 million ($10,709/m², 100% interest) |
| Capitalisation Rate: | 5.50% |
| Discount Rate: | 8.00% |
| Net Lettable Area: | Office 37,312m²/Retail 1,759m² |
| Car Parking Spaces: | 142 |
