101 George Street, Parramatta
The property comprises an office building over nine levels with associated car parking and ground floor retail. The property is located within the Parramatta CBD with frontages to George and Charles Streets.
Tenant leasing and building information is available at 101georgestreetparramatta.com.au
Property details
| Location |
101 George Street, Parramatta NSW |
| Date acquired |
January 2005 |
| CPA ownership |
100% |
Lease expiry profile by income
* Includes vacancies and holdovers
Property breakdown
|
Area (NLA)(sqm) |
%NLA |
%Income |
| Office |
17,625 |
98 |
89 |
Retail |
441 |
2 |
2 |
Carpark |
301 spaces |
- |
9 |
Other |
- |
- |
- |
Total |
18,066 |
100 |
100 |
Typical floor plate |
1,900 |
|
|
Valuation
| Valuation ($M) |
92.0 |
| Valuation date |
June 2012 |
| Capitalisation rate (%) |
8.00 |
| Discount rate (%) |
9.25 |
| Terminal yield (%) |
8.25 |
| Discounted cash flow (DCF)(years) |
10 |
| Book value($M) |
91.3 |
Income (six months to December)
| Net Income to CPA($M) |
2.8 |
Major tenants
|
%NLA |
Expiry date |
Next major review date |
| Commonwealth Bank of Australia |
54 |
Oct 2018 |
Nov 2013 |
| Commonwealth Bank of Australia |
44 |
Oct 2014 |
Nov 2013 |
Office statistics
| Vacancy (%) |
- |
| Average passing rent(occupied office)($/sqm)* |
486 |
| Over/(Under) renting (%) |
6.4 |
| Weighted average lease term by income (years) |
3.9 |
| Review type for six months to June 2013 (by area) |
17,790sqm - 100% Fixed |
| Outgoings - statutory($/sqm) |
23 |
| Outgoings - non-statutory($/sqm) |
80 |
| Outgoings - recoverable (%) |
15 |
| Gross leases (area) (%) |
100 |
| Net leases (area) (%) |
- |
* Represents base rent plus recoveries, including increases over base years.
