$50m price tag on a major office within Sydney’s Olympic Park

Located at 7 Murray Rose Ave, the five storey property has a price expectation of around $50 million and has an overall weighted average lease expiry of more than 12 years. The A-grade building represents a major part of Olympic Park, comprising almost 6,000 sqm of lettable space of the 130,000 sqm.  

Thales, one of the Australian Defence Force’s most trusted partners, has a lease in place until at least 2032.

The Sydney Olympic Park Master Plan forecasts that within the next 11 years the precinct will have 34,000 workers, 5,000 students and more than 23,000 residents within its confines. It also addresses major expansion with transport infrastructure projects including WestConnex, Parramatta Light Rail and Sydney Metro West.

Image source: Real Commercial News

Article source: https://www.realcommercial.com.au/news/sydney-olympic-park-office-set-for-50m-sale


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