Knight Frank is pleased to offer for sale a freehold office investment in the heart of Parramatta CBD.
Key features include:
- Refurbished 10-storey asset with ground floor retail in the heart of Parramatta CBD
- Prominent corner site of 1,731 sqm* with three street frontages
- Total NLA of 8,093 sqm* plus 103 basement car spaces
- 95% leased to a diverse range of tenants with a 5 year WALE underpinned by a major bank tenant
- Estimated fully leased net income $4.3M* per annum with positive rental reversion potential
- Extensive capital expenditure works including new cooling towers, lifts and lobby upgrades
- Potential redevelopment to yield 17,000sqm+ of potential GFA (STCA)
- 4.5 Star NABERS Energy Rating
*Approx.
For Sale by Expressions of Interest closing Thursday 5 September at 4:00pm AEST