2 & 4 Dawn Fraser Avenue, Sydney Olympic Park


2 & 4 Dawn Fraser Avenue comprises two adjoining A-Grade office buildings with retail accommodation in a highly visible location opposite the Sydney Olympic Park railway station. The contemporary seven-level buildings feature large, column free floor plates and excellent natural light.

The building is surrounded by a number of world class sport and fitness facilities, a variety of food and beverage retailers, and the green spaces of Bicentennial Park and Bennelong Parkway.

The facility is well connected to Sydney via the M4 motorway for motorists with parking for 593 cars spread over six split level basement floors.

- High profile Olympic Park location

- Large column free floor plates

- Excellent food and retail options nearby

Asset Information

  • Asset typeA Grade - office
  • Year built2008
  • TitleLeasehold
  • Asset locationSydney Olympic Park
  • ZoningB4 Mixed Use
  • Site area (hectares)0.65
  • Lettable area ('000sqm)33.7
  • Lettable area adjusted for ownership ('000sqm)25.3
  • Number of buildings2
  • Typical floor area (sqm)1,965-2,656
  • Car parking spaces593
  • Ownership (%)75
  • Co-ownerDexus Office Partner
  • Major tenantNew South Wales Government
  • Acquisition dateFebruary 2013
  • Book value at ownership ($m)171.0
  • Independent valuation dateDecember 2023
  • Independent valuation at ownership ($m)171.0
  • Market cap rate (%)6.42
  • 12 month rolling yield (%)7.00
  • Leased by area (%)96
  • Weighted lease term by income (years)5.0

  • NABERS Energy rating (with Green Power)5.0
  • NABERS Energy rating (without Green Power)5.0
  • NABERS Indoor Environment5.0
  • NABERS Waste2 Dawn: 1.5, 4 Dawn: 4.5
  • NABERS Water rating6.0
  • Green Star rating
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