Case Studies

147 King Street, Sydney NSW

The strata-titled commercial office building with historic listing known as Ashington Court is situated at 147 King Street Street, Sydney. It is near the intersection of Castlereagh Street opposite MLC Centre, close to Pitt Street Mall and Westfield, completed circa 1880.

In a relatively short timeframe, there were five office suites which had become available for lease for various reasons including, but not limited to:

Lease expiries; Owners relocating; Change of ownership

In summary

Two office suites on Level 2 leased to tenants preferring to be close to key clients or public transport. An office on Level 4 leased to an owner occupier relocating from premises nearby. Further, two more offices on Level 5 leased to tenants seeking partially furnished space as their previous landlords were either selling or proceeding with development.

Lease Analysis

Level 2, 13sqm Leased to newly established alterations group for 2 years at $12,000pa.
Level 2, 19sqm Leased to consulting firm for 1 year at $15,500pa.
Level 4, 25sqm Leased to real estate office for 2 years at $17,500pa.
Level 5, 25sqm Leased to business management team for 18 months at $18,000pa.
Level 5, 80sqm Leased to North Sydney based education consultancy for 3 years at $65,000pa.

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