150 George Street, Parramatta
The property comprises an office building over 22 levels with associated above-ground car parking. The property is located within the Parramatta CBD with frontages to George and Charles Streets.
Tenant leasing and building information is available at 150georgestreetparramatta.com
Property details
| Location |
150 George Street, Parramatta NSW |
| Date acquired |
October 2002 |
| CPA ownership |
100% |
Lease expiry profile by income
* Includes vacancies and holdovers
Property breakdown
|
Area (NLA)(sqm) |
%NLA |
%Income |
| Office |
21,964 |
100 |
84 |
Retail |
- |
- |
- |
Carpark |
492 spaces |
- |
15 |
Other |
- |
- |
1 |
Total |
21,964 |
100 |
100 |
Typical floor plate |
1,200 |
|
|
Valuation
| Valuation ($M) |
99.5 |
| Valuation date |
September 2012 |
| Capitalisation rate (%) |
8.50 |
| Discount rate (%) |
9.50 |
| Terminal yield (%) |
8.75 |
| Discounted cash flow (DCF)(years) |
10 |
| Book value($M) |
99.3 |
Income (six months to December)
| Net Income to CPA($M) |
3.7 |
Major tenants
|
%NLA |
Expiry date |
Next major review date |
| Commonwealth Bank of Australia |
100 |
Nov 2015 |
Nov 2013 |
Office statistics
| Vacancy (%) |
- |
| Average passing rent(occupied office)($/sqm)* |
460 |
| Over/(Under) renting (%) |
3.4 |
| Weighted average lease term by income (years) |
2.8 |
| Review type for six months to June 2013 (by area) |
21,471sqm - 100% Fixed |
| Outgoings - statutory($/sqm) |
26 |
| Outgoings - non-statutory($/sqm) |
82 |
| Outgoings - recoverable (%) |
100 |
| Gross leases (area) (%) |
- |
| Net leases (area) (%) |
100 |
* Represents base rent plus recoveries, including increases over base years.
