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Location
The property is located in Parramatta, the fast growing and popular Western Sydney CBD. It has good access to road networks and is conveniently located close to Parramatta train station and ferry terminal. Ample retail amenity is provided by Westfield Parramatta and Parramatta Square.
Description
Constructed in 2003, this A-Grade office building comprises two towers of nine and 13 levels, plus four basement levels of car parking. Occupied by the NSW Government (Police) on a 25-year lease expiring in 2035. The tenant fit out is being progressively refurbished over the next few years.
Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
5.0
NABERS Energy rating
Asset summary
as at 30 June 2024
Title
Freehold
Site area
6,460 sqm
Lettable area
32,356 sqm
Occupancy
100 %
WALE (by income)
20.5 years
Major tenant
NSW Government (Police)
Valuation summary
Book value
$ 440.0 m
Valuation date
30-Jun-24
Cap rate
5.00 %
Discount rate
6.63 %
Location
The property is located in Parramatta, the fast growing and popular Western Sydney CBD. It has good access to road networks and is conveniently located close to Parramatta train station and ferry terminal. Ample retail amenity is provided by Westfield Parramatta and Parramatta Square.
Description
Constructed in 2003, this A-Grade office building comprises two towers of nine and 13 levels, plus four basement levels of car parking. Occupied by the NSW Government (Police) on a 25-year lease expiring in 2035. The tenant fit out is being progressively refurbished over the next few years.