Stonebridge Property Group and JLL are pleased to offer for sale King Street Wharf, a trophy Sydney CBD retail investment opportunity.

Investment Highlights

• King Street Wharf is Sydney’s premier waterfront restaurant precinct, occupying a super-prime landmark site with unparalleled frontage to Sydney Harbour, 100% occupied by 14 tenants and comprising 5,651sqm of retail accommodation
• Located between Darling Harbour and Barangaroo, perfectly positioned to benefit from the ongoing western CBD corridor transformation, with extensive mixed-use development activity continuing to increase the immediate and long-term demand for retail and food & beverage amenity
• Highly-secure income with a WALE of 11.2 years (by area) and average tenure to date of 11.9 years (by area). Long-term leases to iconic venues/strong covenants including Cargo Bar, Bungalow 8 & The Loft, and Meat District Co. until at least 2029
• Potential for strong income growth, focused on Australia’s fastest growing retail expenditure category – cafes, restaurants and take-away food grew by an impressive 4.6% p.a. (ABS, September 2017)
• Exceptional connectivity, in close proximity to Wynyard Walk and Darling Harbour and Barangaroo Ferry Wharves, in addition to the Barangaroo metro station – expected to be completed in 2024 as part of the Sydney metro rail extension
• Dynamic, large and diverse customer base, with an expansive MTA population of 3.6 million people, a local resident MTA of 49,100, a worker base of 84,026 persons and thriving tourist market of 25.9 million visitors p.a.^
• Two separate Precincts with a combined fully-leased net income of $6.3 million as at 1 January 2018 and strong fixed rental uplift provisions – available for purchase individually or in one line

All figures are approximately only
^Location IQ, January 2018
Refer to data room for lot details