Address/Location : 30 Pitt Street, Sydney, New South Wales.
Property description : 33-storey hotel building with central atrium comprising 595 rooms including 3 levels of basement with car parking bays.
Property type : Hotel
Age : Approximately 31 years
Title details : Lot 1 in Deposited Plan 804285 in the Local Government Area of Sydney, Parish of St James and County of Cumberland.
Encumbrances/Limitation in title/ interest : The property is charged to secure financing and there is no restriction attached to the title.
Status of holdings : Freehold
Existing use : Commercial building
Parking spaces : Approximately 45 bays
Average occupancy rate : 76.25%
Date of acquisition : 29 November 2012
Cost of acquisition(including incidentals) : AUD264,618,000
Fair value adjustments for the financial year : (AUD38,648,000) or (RM109,610,000)
Market value : AUD445,000,000
Date of last valuation : 30 April 2020
Independent valuer : Savills Valuations Pty. Ltd.
Net book value : RM1,305,129,000