75 George Street, Parramatta, Sydney
The Parramatta property is one of five properties in Stockland Direct Office Trust No.3. Find out more
The Property is a five level, twin tower, B grade commercial office building with two retail tenancies on the ground floor, 103 car spaces in the basement and covered parking at the rear.
The Property is located in the heart of the Parramatta CBD on the corner of Smith Street and George Street. Parramatta is situated approximately 23 kilometres west of the Sydney CBD. Parramatta is considered a transport hub for the western suburbs of Sydney, with a bus and rail interchange and RiverCat Wharf within walking distance of the Parramatta CBD.
St George Bank Limited is the major tenant of the Property.
| Location: | 75 George Street, Parramatta NSW |
|---|---|
| Acquisition Date: | June 2007 |
| Ownership/Title: | 100% / Freehold |
| Independent Valuation: | 31 December 2009 |
| Valuation ($/m2): | $31.5 million ($3,300/m²) |
| Capitalisation Rate: | 9.00% |
| Discount Rate: | 9.75% |
| Net Lettable Area: | 9,546m² |
| Car Parking Spaces: | 103 |
Stockland Capital Partners Limited (ABN 86 078 081 722, AFS Licence No 241188) is the Responsible Entity of Stockland Direct Office Trust No.1 (ARSN 110 688 009), Stockland Direct Office Trust No.2 (ARSN 115 017 466), Stockland Direct Office Trust No.3 (ARSN 124 439 925) stapled to Stockland Holding Trust No.2 (ARSN 132 129 134), and Stockland Direct Retail Trust No.1 (ARSN 121 832 086) and the Fund Manager of Stockland Residential Estates Equity Fund No.1.