55 Coonara Avenue,
West Pennant Hills, NSW
DESCRIPTION
Located 26 km north-west of the Sydney CBD and 9 km north of Parramatta, the property has a net lettable area of over 34,000 sqm. Comprising a campus of seven interconnected low-rise buildings and approximately 1,770 parking spaces,
IBM occupies the entire facility.
| SUMMARY INFORMATION | |
|---|
| GRADE | B Grade |
| OWNERSHIP | 100% MPT |
| NLA | 34,080 sqm |
| CARSPACES | 1,770 |
| ACQUISITION DATE | Aug 10 |
| LAST EXTERNAL VALUATION DATE | 31 Dec 10 |
| VALUATION AT 31 DEC 11 | $103.0m |
| VALUER | DIRECTORS VALUATION |
| CAPITALISATION RATE | 8.50% |
| DISCOUNT RATE | 9.50% |
| GROSS OFFICE RENT | $306/sqm |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| IBM | 34,080 | Aug 15 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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