323 Castlereagh Street_Property for Sale
323 Castlereagh Street_Property for Sale

323 Castlereagh Street

323 Castlereagh Street, Haymarket, NSW, 2000, AU

Description

JLL is pleased to exclusively present to the market a ~100% interest in 323 Castlereagh Street.

Repositioned Prime-Grade tower, fully leased, a proven outperformer with unrivalled goals. Multiple value-add opportunities remain and its prime Sydney CBD location and quality rarely align like this.


A 100% freehold interest in Central Square comprising 18,823sqm NLA over 31 levels. Expressions of Interest (EOI) closing in April, (AEST) on Wednesday 16th October 2024.

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Attributes

Grade
A - Grade
Occupancy
99% Leased
Title
Lot 1 in Deposited Plan 1109323
Site Area
2,870
Total NLA
26,064.9
Typical Floorplate
1,150sqm
Zoning
SP5 - Metropolitan Centre

Media

Investment highlights

99% Leased, High Quality, Diverse Income 99% leased to premium tenants, including the Australian Government, of average WALE 4.1 years to expiry. Income is underpinned by a strong value proposition with an exceptional track record of high tenant retention and leasing success.


Rare Freehold Island Site 3-470sqm site, three street frontages and port heritage links run center to both left.


Irreplaceable Built Form Blue Ribbon value in the existing built form, with low risk for respected future value. Excellent future retention/reversion.


Defined Reversion Even Rewarding Active Management With a full revalue goal, the pending Legal Aid tenancy will stretch c-Dec. After-term opportunity to reset income at market rents and/or redevelop/refurbish, as constrained by planning benefits of scale.


State of the Art Amenity, Full Building Reinvestment The asset has been fully reimagined and renewed, with new lobby, lifts and end-of-trip amenity, lobbies and a tenant function centre all upgraded 2021-23. Future opportunities also exist to further expand and address all choices.


An Ultra-Connected Lifestyle Location Enjoying an Ultra-Leafy-Hills junction, a 5-minute walk to Central Station — a rare opportunity to acquire an asset of this scale and unmatched in Sydney's most connected precinct. 300m to Hyde Park, 450m from Belmore Park and the CBD.


Genuine Market Scarcity Limited prime CBD freehold opportunities. A-Grade towers have traded in the Sydney market over the last 10 years.


Future Value add and exit optionality A 17 story, 144 hotel scheme by Architectus has obtained a development approval from council, permitting a purchaser to capitalise on Sydney’s tight hotel supply there is also the potential subject to relevant authority approval or an estimated 850 bed PBSA conversion.

323 Castlereagh Street 4_Property for Sale
323 Castlereagh Street 4_Property for Sale

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323 Castlereagh Street (0 Properties)

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Last updated Sep 14, 2026