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110 George Street, Parramatta |
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Nature of Property
The property consists of a modern 7 storey commercial office building comprising ground floor retail and office space as well as 6 upper levels of office accommodation and 2 levels of basement carparking. The building is well located in the Parramatta CBD. The trust owns a 50% interest in the property through a joint venture with Property Funds Australia.
The property has it's own website www.octagonparramatta.com.au
Key Property Details
| Date Purchased: |
May 2007 |
| Purchase Price |
$39,000,000 (50% interest) |
| Valuation: |
$36,000,000 (50% interest) |
| Valuation Date: |
September 2010 |
| Structure of Ownership: |
Direct |
| Percentage of Ownership: |
50% |
| Principal Use: |
Commercial Office |
| Total NLA: |
20,838m2 |
| % Vacant NLA: |
3.30% |
| WALE (as at 30 June 2011): |
1.92 Years |
Major Tenants
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% of Income |
Lease Expiry |
| Roads & Traffic Authority |
75.09% |
Dcember 2012 |
| Department of Attorney Generals |
7.49% |
March 2017 |
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