The Zenith Chatswood listed with $400 million price expectations
The Zenith, located in Chatswood on Sydney’s North Shore, is to be sold by Centuria and a private fund managed by BlackRock.
Comprising of two buildings situated on a site of approximately 7,990 square metres, the property has price expectations of over $400 million.
The Zenith is an A-grade asset with circa 44,102 square metres of NLA set across 21 levels.
It is 100% occupied and with a WALE of 4.4 years with tenants including Property NSW, Commonwealth Government of Australia, Lendlease and Sage.
The Zenith is located at 821 Pacific Highway.
Prime office rents are 50% less than similar assets in the Sydney CBD and the soon to be completed Sydney Metro, located within 150 metres of the Zenith will decrease travel time to Barangaroo to about 11 minutes.
The office vacancy in Chatswood is at its lowest levels since 2000 at circa 5.5%, with the vacancy rate expected to fall below 5% by 2020, according to Centuria.
