10 Valentine Avenue, Parramatta, NSW

The property at 10 Valentine Avenue, Parramatta, NSW is a modern office building that comprises 14 levels of office space and basement parking for 25 car spaces. Adjacent to the office property is a six-level, freestanding car park providing parking for 286 vehicles. The property and adjacent car park form an island site, with no adjacent properties.

The property is located approximately 100 metres from the Parramatta Bus and Railway Interchange and Westfield Parramatta. It is predominantly leased to the NSW State Government, which has occupied the property since its construction.

In February 2020, the Site-Specific Planning Proposal relating to AOF’s proposed development of the adjacent car park (known as 2 Valentine Avenue) as an office building was gazetted and became law. This revised planning framework provided the pathway for the Sydney Central City Planning Committee to approve AOF’s development application for a ~28,000 sqm commercial office building, which was received in March 2020. 

Key features (at 30 June 2020)

Ownership Interest 100% freehold
Location Parramatta, NSW
Building type A grade - office
Net Lettable area (sqm) 16,020
NABERS Energy rating
NABERS Water rating
Major tenant NSW State Government
Occupancy (by NLA) 97.3%
WALE by Gross Property Income 2 years
Important information

The Fund is issued by Australian Unity Investment Real Estate Limited (AUIREL) which is owned by Australian Unity Keppel Capital Pty Ltd ABN 67 637 410 505, a joint venture company owned equally by subsidiaries of Australian Unity Limited ABN 23 087 648 888 and Keppel Capital Holdings Pte Ltd CRN 201302079N, the asset management arm of Singapore based Keppel Corporation Limited CRN 196800351N. The information on this website is general information only and is not based on the financial objectives, situations or needs of any particular investor. Past performance is not a reliable indicator of future performance.