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 building features large, column free floor plates and presents a unique opportunity for strong annuity income from a blue chip company wanting to benefit from the legacy of the Sydney Olympic Park.

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

  • NABERS Energy
    4 Star Energy Rating
  • NABERS Water
    4.5 Star Water Rating
  • Green Star
    5 Green Star Rating

Property Details

Building type
A Grade - office
Title
Leasehold
Site area (hectares)
0.6
Lettable area ('000sqm)
34.2
Lettable area adjusted for ownership ('000sqm)
25.6
Typical floor area (sqm)
1,965-2,656
Number of buildings
2
Car parking spaces
593
NABERS Energy rating (with Green Power)
4.0
NABERS Energy rating (without Green Power)
3.5
NABERS Water rating
4.5
Green star rating
5.0 Star (Office Design v2) / 5.0 Star (Office As Built v2)
Year built
2008
Major tenant
Commonwealth Bank of Australia
Owner
DXS
Ownership (%)
75
Co-owner
Dexus Office Partner

Property Statistics

Metro area
Sydney Olympic Park
Zoning
B4 Mixed Use
Acquisition date
February 2013
Book value at ownership ($m)
141.2
Independent valuation date
December 2018
Independent valuation at ownership ($m)
141.2
Market cap rate (%)
7.16
Initial yield (%)
4.11
Leased by area (%)
59
Weighted lease term by income (years)
2.6