TABLE OF CONTENTS
1. Introduction 2
1.1 Purpose 2
1.2 Structure of Report 2
2. Site Details 2
2.1 Location and Locality 2
2.2 Relevant Planning Controls and Guidelines 4
2.3 Ownership and Title Information 5
2.4 Site Description 5
2.5 Existing Access 5
2.6 Existing Services 5
2.7 Existing Ground Conditions 5
2.8 Existing Improvements 5
3. Property Analysis 7
3.1 Current Lease Schedule/Revenue and Expenditure Plan 7
3.2 Outgoings and Expenditures 9
3.3 Financial Summary 10
3.4 Current Building Potential 11
4. Future Potential of Property 11
5. Property Management Plan 14
5.1 Objectives 14
5.2 Aims 14
5.3 Implementation 15
5.4 Revenue & expenditure Plan 15
5.5 Leases & Special Agreements 16
5.6 Marketing Plan 17
5.7 Maintenance Plans & Costs 17

1. Introduction
1.1 Purpose
The purpose of this report is to provide a comprehensive property management evaluation for 60-70 Elizabeth Street, Sydney for the property owner.
1.2 Structure of Report
Prescribed within the letter of instruction dated 20 April 2010, the scopes of work undertaken as part of this valuation assessment are listed below:
Section 2 – Describes the site and building context;
Section 3 – Reviews the financial position of the property;
Section 4 – Analyses current and future potential of the property; and
Section 5 – Details the proposed property management plan.
2. Site Details
2.1 Location and Locality
60-70 Elizabeth Street, Sydney is located within the Sydney CBD, situated one building south of Martin Place, north of King St and parallel to Castlereagh and Market Streets to the east and west respectively.
The subject site is part of the Sydney City Local Government Area and is surrounded by a variety of land uses. The immediate surrounding area is mainly characterised by multi-storey office and commercial developments. Nearest public Transport is