With a prominent waterfront position along Sydney Harbour and just minutes from the Sydney CBD, 7 Cooper Street, Balmain is currently fully occupied by Australia’s largest employer of seafarers, Svitzer Australia under a four-year lease.

The property comprises three levels of office accommodation on a large 1,348sq m freehold site, along with 5,920sq m of leasehold interest in the adjoining wharf.

The deal was negotiated by Tim Grosmann and Lucy Abram of Savills Capital Transactions who said “As office tenants re-assess their space requirements, there is strong interest in the suburban markets, especially with specific headquartered properties that have essential requirements, in this instance, a wharf. In the post-pandemic world, investors are aggressively pursuing these specialised alternative office assets.”

“7 Cooper Street’s large site area and exclusive wharf access coupled with the strong fringe location promises secure, lasting tenant demand.”