601 Pacific Highway, St Leonards
Key Property Information
Completed in 1988, 601 Pacific Highway is a high profile A grade office tower located 200 metres east of St Leonards railway station.
The property comprises 13 office levels, ground and lower ground floor showroom, retail tenancies and basement car parking. The upper office levels enjoy spectacular harbour and city views.
The office tower is wholly occupied by IBM as their Australian head office.
Key Information
| Location: | St Leonards, NSW |
| Acquisition Date: | June 2003 |
| Ownership/Title: | 100%/Freehold |
| Independent Valuation: | June 2008 |
| Valuation ($/m2): | $77.8 million ($6,131/m²) |
| Capitalisation Rate: | 7.50% |
| Discount Rate: | 8.75% |
| Net Lettable Area: | 12,690m² |
| Car Parking Spaces: | 155 |
