Property Valuation

Sales Evidence Attachment E

Property Sale Price Sale Date NLA (m2) Yield $/m2 NLA

9 George Street, Parramatta $23,000,000 Feb-19 5,476 8.28% $4,201

96 Phillip Street, Parramatta $5,760,000 Oct-19 1815 7.51% $3,174

10 Phillip Street, Parramatta $15,250,000 Jan-19 4632 6.10% $3,292

3 Byfield Street, Macquarie Park $9,600,000 Sep-18 2695 8.50% $3,562

Vodafone Building,2 Raw Square, $13,470,000 Feb-18 3,847 9.50% $3,501

Strathfield

50 Miller Street, North Sydney $57,000,000 Jul-18 10,435 7.15% $5,463

This 7 level office building is located midway between Sydney CBD and Parramatta CBD.It is

leased to a single tenant at market rentals with the lease expiring in December 2018.

This 10 story office building with basement parking for 76 cars is fully leased to one of Australia's

major banks for 10 years from September 2011.There are regular rent reviews to market. Located

in the North Sydney CBD close to the railway station.

A 7 story office building completed in 2001 with ground floor and 6 upper floors. Basement car

parking is provided. The property is fully leased to 5 tenants. One tenant (approx. 15% of NLA) has

lease expiry in July 2018.There are no other leases expiring until 2020.

A 4 level office building with basement parking completed in 1988.Ground floor has a restaurant.

The property is fully leased to 3 tenants and has a staggered lease expiry over the next 4 years.

This office building was completed in 1990 and has ground floor retail plus 6 levels of office space.

Limited parking at grade behind the building. The property is approx. 30% vacant and was

purchased by an investor who will occupy the vacant area. An analysis of the sale assuming a

fully let basis and after making appropriate allowances indicates a yield of 8.50%.

Located in an office park close to Macquarie University, this 3 story office building was fully

leased at market rentals to 4 tenants.