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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. In late 2019, a new 25-year lease was signed with the tenant, the NSW Police Force. A tenant fit out is scheduled for progressive refurbishment over the coming three years.

Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
5.0
NABERS Energy rating
Asset summary
as at 31 December 2020
Title
Freehold
Site area
6,460 sqm
Lettable area
32,356 sqm
Occupancy
100 %
WALE (by income)
24.0 years
Major tenant
NSW Police Force
Valuation summary
Book value
$ 491.0 m
Valuation date
31-Dec-20
Cap rate
4.13 %
Discount rate
5.75 %
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. In late 2019, a new 25-year lease was signed with the tenant, the NSW Police Force. A tenant fit out is scheduled for progressive refurbishment over the coming three years.