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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 next few years.

Sustainability ratings
5.0
NABERS Energy
Asset summary
as at 30 June 2021
Title
Freehold
Site area
6,460 sqm
Lettable area
32,355 sqm
Occupancy
100 %
WALE (by income)
23.5 years
Major tenant
NSW Police Force
Valuation summary
Book value
$ 525.0 m
Valuation date
30-Jun-21
Cap rate
3.75 %
Discount rate
5.50 %
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 next few years.