Tuesday 17 March 2009

Parramatta. Asking price of $27 million

A two-storey office building, at 10 Cowper Street, is for sale, through Jones Lang LaSalle, with the asking price of $27 million. Tenants include Woolworths, Mirvac, Australian Red Cross, Glanville Architects and Focus Business Centres, plus an on-site café. The average office rental is $329 per square metres gross. Basement security parking is for 214 vehicles. The current FSR is approximately 2.2:1, with a maximum allowable of 6:1.

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