Located on a prime elevated corner with three street frontages,107 Mount Street provides 6675 sqm of lettable area including eight office levels,ground floor retail,rooftop entertainment and secure basement parking for 34 cars.
Its future development upside is the potential to construct a 34-level,or 31,187 sqm,office tower,subject to council approval.
Knight Frank’s Graeme Russell and Tyler Talbot are managing the sale jointly with CI Australia’s Bevan Kenny and Chris Veitch on behalf of a private investor.
According to Mr Russell,Knight Frank’s partner,institutional sales,NSW,the future development upside will be a drawcard for investors.
"107 Mount Street occupies a key gateway site amongst several new developments in the precinct which is set to become the new epicentre of North Sydney,"Mr Russell said.
Mr Kenny,CI’s managing director,North Sydney,said demand for office space in North Sydney will continue to rise.