Level 4, 9 Barrack Street, Sydney, nsw 2000

Offices

For Sale For sale by expressions of interest

  • Property ID: 442047
  • Floor Area: 312m²
  • Occupancy: Vacant
PRIVATE WHOLE FLOOR - MUST BE SOLD

For sale via Expressions of Interest closing 4pm Wednesday 10 April 2024.

Barrack Place is a prime office, retail and restaurant precinct in the centre of the CBD only metres from Martin Place and the GPO, light rail and major train lines

9 Barrack Street is an eight-level heritage office building prominently positioned on the corner of York Street. The building is in close proximity to Martin Place, Wynyard Station, and the Queen Victoria Building. The lifts and foyer have been recently upgraded.

The Basement at 9 Barrack Street features a New York-style cocktail bar and restaurant called “Employees Only”. Cocktails by the masters, a New York-inspired menu, and signature tarot readings until the early hours. Executive Chef Richard Duff’s New York Bistro-inspired menu gathers from French, Italian, and Australian influences

The Ground floor cafe at 9 Barrack Street, AP Bakery, serves amazing coffee and delicious porchetta rolls, fresh bread, pizzas, croissants, and other sweet snacks.

Merrivale plans to expand its hospitality precinct along York Street after recently purchasing over $200M of assets in the Barrack and York precinct

Level 4 at 9 Barrack Street is a boutique commercial floor that offers:

- Secure private premises with lockable 3 lifts, independent air con.
- Great natural light on 2 sides, leafy treescape outlook
- Exposed ceilings, operable windows,
- Fitted with meeting room, boardroom, 4 to 5 offices
- Currently furnished with 24 desks but room for 30 desks
- Terrific opportunity for an Owner Occupier to create a bespoke fit-out
- Great rental potential if fitted to a higher standard

Offered with Vacant Possession

Current Outgoings;
Strata rates admin, $5,022.73 per quarter
Strata rates capital, $1,159.09 per quarter
Council rates, $1,095.00 per quarter
Water rates, $169.00 per quarter
Total outgoings, $7,445.82 per quarter
Total outgoings, $29,783.28 per annum

Rental Potential:
Ray White Commercial has recently leased a number of floors in this building, more information is available on request.

Sydney Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $10419 $774 7.42%
Retail $10274 $632 6.15%
Industrial --- $591 ---
This is the average advertised price, rent and yield for Sydney, NSW 2000*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Floorplans
Tools

  Ray White Commercial (Office Leasing Sydney)

 

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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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