Paramount on Parkes Valuation Pack

VA L U E R I N F O R M AT I O N PAC K PA R A M O U N T O N PA R K E S .C O M . A U

C R A F T E D F O R E L E VAT E D L I V I N G

A GRAND OUTLOOK for a GRAND LIFESTYLE Thriving in a bustling CBD, Paramount on Parkes offers a dramatic new outlook high above it all. With its stunning exteriors this chic collection of modern apartments is an exciting addition to the Parramatta cityscape.

A vibrant lifestyle is at your doorstep as Paramount on Parkes taps into a precinct alive with opportunity and excitement. It’s where luxury is guaranteed, and coming home is always a delight.

Table of contents

6

Frequently asked questions

8

Schedule of finishes

12

Paramount on Parkes Brochure

Westfield Parramatta

Parramatta Railway Station

Future Parramatta Metro

Parramatta Square

Church Street

Commbank Stadium

Parramatta Light Rail

Parramatta River

QUICK facts

Address

20 Parkes Street, Harris Park NSW 2150

Commencement date

Q4 20211

Anticipated completion

Q3 20241

Car park entrance

Parkes Street

Number of residential units

331

1. Commencement and completion dates are subject to final approvals

PRICES STARTING FROM2 1 bedroom apartment

$625,000

2 bedroom apartment

$825,000

3 bedroom apartment

$1,100,000

2. Prices correct as of June 2024

ESTIMATED RENTAL RETURNS (per week) 1 bedroom apartment

$700 – $800

2 bedroom apartment

$900 – $1,000

3 bedroom apartment

$1,100 – $1,200

ESTIMATED STRATA FEES (per quarter) 1 bedroom apartment

$750 – $950

2 bedroom apartment

$980 – $1,290

3 bedroom apartment

$1,350 – $1,680

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FREQUENTLY ASKED questions

1. Who is the developer?

ALAND

2. Who is the architect?

Sketch Design Group

3. How many storeys are there at Paramount on Parkes?

Paramount on Parkes is 46 storeys.

4. How many apartments are there in Paramount on Parkes?

There are currently 331 apartments in Paramount on Parkes.

5. Is it a strata title?

All residential apartments are under one strata

scheme. Building uses are separated by a stratum subdivision.

6. What are some of the technical features of the apartments?

All apartments feature an AV security intercom, free-to-air television, NBN cable ready or equivalent and telephone outlets.

7. Do apartments come with balconies?

All apartments feature a balcony.

10. How many lifts are in the building?

There will be 6 lifts in Paramount on Parkes,

with 4 of these lifts dedicated to the residential component of the development.

11. What sound insulation quality exists between apartments?

Apartment walls, ceilings and floor insulation

complies with the Building Code of Australia (BCA) and applicable Australian Standards (AS).

12. Do the apartments come with blinds and furniture?

All apartments come with blinds, however they are not furnished.

13. Do I get a storage cage?

Yes, all units have a storage cage.

14. Do I get a car space?

Please check with your agent or ALAND

representative on which apartments come with a car space, as not all apartments do.

15. What amenities does the project offer?

Residents will enjoy a resort-style swimming pool, communal BBQ, play area and a communal room on Level 4.

16. Will the communal garden with BBQ facilities, swimming pool and communal Lift access to each level is controlled by a security room be public thoroughfares? swipe system. Security cameras are fitted in all No, the communal terrace with BBQ facilities,

8. What are the security features of the building?

lifts and the apartment entry lobby, while the basement car park is protected by a security shutter gate. All lobbies are equipped with intercoms and security swipes.

9. What are the external building materials and finishes?

Paramount on Parkes features concrete elements including fluted precast concrete panels, floor-to-ceiling windows, glass balustrades and face bricks on the podium.

swimming pool, play equipment and communal room are for residents only.

17. Can I have animals?

Residents can keep as many as two animals with a combined weight of less than 20kg, subject to written approval from the owners corporation.

Information supplied on this document should be used as a guide only and is current as at June 2024. Interested parties, prospective and actual purchasers should confirm details and questions with their own legal representatives. The indicative information in this document is subject to change at the absolute discretion of the developer. The developer, its officers, employees, agents and related body corporates expressly disclaim any liability and responsibility (to the maximum extent permitted by law) to any person or organisation for any loss, liability, damage or expense arising directly or indirectly from or connected in any way with any use of or reliance on the information contained within this document.

SCHEDULE OF Finishes

GENERAL Living areas are orientated to maximise views and sunlight Rooms are generously sized and designed to be easily furnished All apartments feature a balcony Internal storage includes built-in wardrobes External storage cages in the basement for all apartments Internal laundry as standard in all apartments Acoustic and energy-efficient wall and floor systems Energy-efficient glazing on all windows and sliding doors Embedded energy network with smart metering

All apartments feature a balcony

Large format porcelain floor tiles to balcony

Roller blinds in living areas and bedrooms

Recessed LED downlights throughout

Powder-coated aluminium framed windows and sliding doors with energy-efficient glazing

Floor-to-ceiling windows

Large format porcelain floor tiles in all living areas, kitchens, bathrooms and laundries

INTERIORS Generous ceiling heights in living and bedroom zones Travertine-look porcelain large format floor tiles in all living areas, kitchens, bathrooms and laundries Loop pile carpet in bedrooms including underlay Plasterboard walls and ceilings finished with premium three-coat system low sheen acrylic finish by Dulux Hinged internal doors with feature profile including hardware in satin chrome finish Roller blinds in living areas and bedrooms Powder-coated aluminium framed windows and sliding doors Recessed LED downlights throughout

EXTERIORS Indoor living areas designed to flow seamlessly to balcony areas Low maintenance exterior – face brick with articulated detail precast concrete or Hebel with Dulux coating Balconies have been designed to maximise functionality Balustrading includes tinted glass/powder-coated aluminium or precast concrete (design specific) Large format porcelain tiles on balconies plus quality light fittings

BEDROOMS AND WARDROBES Walk-in wardrobes include drawers and hanging rail (design specific) Built-in wardrobes include internal drawers, open shelving and hanging rail with sliding doors

AIR CONDITIONING Ducted air conditioning system with two zones, including wall-mounted controller

LAUNDRY Stainless steel laundry tub with white metal cabinet and tapware Wall-mounted quality Fisher & Paykel clothes dryer

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KITCHENS Quality Fisher & Paykel appliances including a 600mm gas cooktop, 600mm oven, dishwasher and concealed externally ducted rangehood and microwave Polytec timber-look and polyurethane joinery including overhead cupboards, soft close drawers, engineered stone 40mm edge benchtop, mirrored glass splashback and feature kitchen island bench design (design specific) Dual bowl stainless steel under-mounted sink in a brushed gold finish and GROHE tapware with single-handle mixer

DATA, SECURITY AND COMMUNICATIONS Electronic access control at building lobbies, car park, driveway and KONE lifts Lobby audio visual intercom for visitor access to apartments Secure basement car spaces, CCTV in selected common property areas and car park entry Data outlet in living and study/media (design specific) to enable home networking Fibre optic broadband provisioning to all apartments Free-to-air and pay TV points in living room and main bedroom Power points in bedrooms

Large format porcelain floor tiles

Engineered stone 40mm benchtop

Mirrored glass splashback

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Quality Fisher & Paykel appliances

Polytec timberlook joinery including overhead cupboards

BATHROOM / ENSUITE Large format porcelain Travertine-look floor and full height tiling with a marble-look feature wall Ceramic wall hung basin, and feature shelf with engineered stone finish GROHE tapware including shower rail in a brushed gold finish Frameless shower screen (two and three bedroom apartments typically include a bath) Seamless tile insert concealed floor waste Wall-mounted toilet with soft close, concealed cistern and dual flush plate Polished edge frameless mirror with storage with feature lighting Integrated externally ducted ventilation exhaust system

Wall-mounted toilet with soft closing seat and cover

Large format porcelain floor tiles and full-height wall tiling

GROHE tapware including shower rail in a brushed gold finish

Polished edge frameless mirror with feature lighting

Marble-look feature wall and shelf

Frameless shower screen

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R E AC H N E W H E I G H T S

SOAR above PARRAMATTA’S CBD The award-winning ALAND team proudly presents Paramount on Parkes – a benchmark for Parramatta CBD living, architecture and convenience.

Step out into the excitement of an ever-growing urban hub and enjoy the timeless melding of sophistication and leisure.

Living was never this seamless, invigorating and interconnected.

Paramount on Parkes meets the aspirations of working professionals, modern families and savvy property investors.

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L U XU RY PA R R A M AT TA L I V I N G

DESIGNED FOR your DREAM LIFESTYLE Centrally located Standing proudly in Parramatta CBD, Paramount on Parkes is a short walk away from all the attractions of this vibrant postcode. Come home to a place that will inspire you to live, work and play.

Architect-designed residences Find peace, comfort and opulence in beautifully-designed one, two and three bedroom apartments. Paramount on Parkes is perfect for upsizers, downsizers or investors.

Podium-level pool Exclusive to Paramount on Parkes residents, a podium-level swimming pool is positioned among lush greenery. The oasis is ideal for days spent relaxing among resort-style opulence.

Kids’ play area Paramount on Parkes is for the young and the young at heart, complete with a generous children’s play area that has been designed for adventure and fun.

Lush gardens Residents enjoy beautifully landscaped gardens in the development’s extensive communal spaces, complementing Parramatta’s existing green spaces.

Communal spaces For neighbourhood events, performances and small gatherings, Paramount on Parkes’ expansive function spaces provide networking and entertainment opportunities.

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D E S I G N E D F O R A P R E M I U M L I F E ST Y L E

WHERE HOME is EXTRAORDINARY Experience reimagined apartment living from the moment you step into the grand lobby of Paramount on Parkes, an oasis of architect-designed comfort in the heart of the thriving Greater Sydney community.

This CBD sanctuary is designed to make the most of its environment.

Each apartment and communal space has been carefully designed to maximise natural air flow and provide shading in summer, all set against an inspiring city outlook. Complete with indulgent interior design, the space features a neutral colour palette that pairs perfectly with high-quality finishes and furnishings.

Whether you choose a one, two or three bedroom apartment, expect to find perfect contentment when you come home to Paramount on Parkes.

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A TOUCH OF ELEGANCE

ARCHITECT-DESIGNED excellence Open-plan living Step into your new apartment and experience an open-plan living space flooded with natural light from floor-to-ceiling windows or pull back the sliding doors onto your private balcony. These apartments can also be tailored to your particular lifestyle with the option of study nooks or additional storage space.

Entertaining Whether you are hosting a relaxed Sunday brunch or stylish dinner party, our chef-ready kitchens have everything you might need, such as quality Fisher & Paykel appliances, Grohe tapware and generous stone benchtops.

Personalise your apartment by choosing from two distinct kitchen colour schemes: one light or dark for a timeless elegance.

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LIGHT

colour scheme Inspired by the earthy tones of Mother Nature, this lighter colour scheme is the perfect backdrop for stylish, contemporary living, featuring a neutral palette and the generous use of stone, glass, metal and wood finishes.

The final result is restrained, sophisticated and timeless.

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DARK

colour scheme For a more dramatic look, choose this dark colour scheme which creates a delightfully sumptuous impression by mixing warm and cool tones. This darker palette also showcases the Travertine-look porcelain tiles, stone benchtops and other high-quality materials used throughout the apartments.

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E M B R AC E C O N T E N T M E N T

Enjoy EVERYDAY

INVIGORATION Relaxing

Start or end the day in utmost luxury within each light-filled, plush and generously proportioned bedroom. Find comfort in a serene neutral colour palette and lavish carpeted flooring, with walk-in and built-in wardrobe options further adding to the grandeur.

Refreshing Sophistication underlines the aesthetics of each contemporary bathroom in Paramount on Parkes. Stone-look floor tiles and marble-look feature walls add an air of elegance, while brushed gold tapware and frameless shower screens give a designer edge. Mirrored cabinets provide additional storage, while two and three bedroom apartments also include a bathtub.

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A LIFE OF SPLENDOUR

RESORT-STYLE amenities A grand entrance Soaring high ceilings, sparkling marble finishes and modern lighting welcome you home as you walk into the grand lobby. This incredible space creates a sense of drama on the way to your residence.

Dip into nature Look over an ever-changing cityscape from the private, podium-level swimming pool.

This summer-ready spot of relaxation brings resort vibes home to your urban sanctuary.

Bathe in the sunshine

Among the amenities offered on the podium are a community room, landscaped lawns and lounge areas, barbecue facilities, and children’s play equipment.

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L I V E , WO R K A N D P L AY – YO U R WAY

ENHANCED by A UNIQUE COMMERCIAL and RETAIL EXPERIENCE Paramount on Parkes offers unique opportunities for retail and commercial use in the heart of Parramatta’s thriving CBD. This mixed-use development includes both residential apartments and six floors of commercial space, plus retail space on the ground floor.

Located at the top of the tower, The Paramount Commercial Suites can be accessed via exclusive dual lifts from the lobby. There is an adjacent retail entrance which will undoubtedly become an important part of the local community’s daily life, whether the tenant is a café, restaurant, medical facility or beauty salon.

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A V I B R A N T R E G I O N AWA I T S

THE JEWEL of GREATER WESTERN SYDNEY A destination that continues to grow, prosper and position itself as a true centre of NSW, the Greater Western Sydney region captures an incredible snapshot of modern Australia. Whether it’s for work, home life or play, it has something for everyone.

With the Blue Mountains, Hawkesbury River and Western Sydney Parklands on your doorstep, the region offers plenty of opportunity for outdoor adventure.

A proudly multicultural region, the diversity of Greater Western Sydney is reflected at every corner, especially as you dive into the food, arts and many cultural events that take place year-round. All of this is conveniently located within easy reach of the Parramatta CBD. Paramount on Parkes sits in the middle of it all, with easy access to many surrounding communities such as Blacktown, Penrith, Canterbury and Campbelltown.

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Open Spaces

27

1

James Ruse Reserve

100m

2

River Foreshore Reserve

1km

3

Parramatta Park

1.4km

26 3

Entertainment 4

Powerhouse Parramatta

1.1km

5

Riverside Theatres

1.2km

6

Rosehill Gardens Racecourse

1.3km

7

CommBank Stadium

1.9km

9 7

Education Western Sydney University Parramatta (North Campus)

700m

9

Our Lady of Mercy College

850m

10

Arthur Phillip High School

1km

11

Parramatta High School

1km

UNSW Parramatta Engineering Innovation Hub

1km

Macarthur Girls High School

2.2km

Western Sydney University Parramatta City Campus

2.4km

8

12

13 14

5

19 16

Retail & Dining 15

Parramatta CBD

100m

16

Westfield Parramatta

600m

17

Parramatta Square

800m

18

Church Street (Eat Street)

1.2km

14

20 Transport Future Harris Street Light Rail Station (Estimated 2024)

200m

20

Parramatta Railway Station

400m

21

Harris Park Railway Station

650m

22

Parramatta Wharf

800m

23

Proposed Metro Station

800m

24

WestConnex

2.4km

19

17 11

Hospitals 25

Westmead Hospital

3.5km

26

The Children’s Hospital at Westmead

3.5km

Sydney Trains Line Future Parramatta Light Rail Proposed Sydney Metro West Line

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18 24

21

E DR S RUS

JAME

8

IA R V I CTO R

V I CTO

D

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15

DR

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4

Parra m

23

10

12

JAMES

13

atta

PA R R A M AT

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1

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PA R K E S S T

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R PA

T S S

TA

V RI

TO M 4 T

O SY D N

22

25

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I N V I G O R AT E D BY N AT U R E

WELCOME an EFFORTLESS URBAN CONNECTION Paramount on Parkes sits proudly on Dharug Country, the Land of the Burramattagal People – a place where flowing rivers and verdant greenery inspire and brighten daily life. Whether you’re unwinding within your sky-high home or outside among the elements, feel connected to this inland retreat.

The beautiful green space of Parramatta Park is the ideal setting for sunny picnics, fun bike rides or just walking the dog. The calming flow of Parramatta River is only a short stroll away. For something more challenging tackle the 20-kilometre bike ride from Parramatta Park to Sydney Olympic Park.

367

212

143

managed parks and reserves

hectares of green space

hectares of manicured sporting fields

65km

5

40%

natural creeks and tributaries

extensive cycleway networks

canopy cover target by 2050

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Parramatta CBD

Parramatta Light Rail and Eat Street

Parramatta Park

Parramatta Wharf

A REGION COMMITTED TO SUCCESS

BLESSED with INFRASTRUCTURE – TODAY and TOMORROW Boasting the largest economy in Australia behind the Sydney CBD and Melbourne, Parramatta is on its way to becoming a truly global hub.

The City of Parramatta is heavily invested in this transformation, with over $10 billion already spent across the public and private sectors over the past five years. As job and population growth continues to outperform NSW averages, residents can expect this support to be ongoing.

The Parramatta CBD Planning Proposal encourages the Parramatta CBD to expand and numerous employment and residential hubs develop to cater for the estimated 46,000 new jobs and 14,000 new dwellings by 2060.

The Western Sydney Startup Hub provides space and support programs to help Western Sydney businesses grow. It’s attracting start-ups in areas of advanced technology, engineering and more.

Parramatta’s transport infrastructure continues to develop with upgrades across light rail, metro and ferry services. $50 million has been committed to Stage 2 of the Parramatta Light Rail alone.

Parramatta’s night-time economy has bounced back with renewed energy since the pandemic. This has energised new developments including the state-of-the-art Powerhouse Precinct and the contemporary arts complex taking shape around the Riverside Theatres.

Although the region already boasts over 350 parks and reserves, the City of Parramatta is actively increasing open green spaces for the public – especially within the Parramatta CBD region. Upcoming developments include the transformation of the historic Lancer Barracks into a new open green space and public square.

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STAY F O R E V E R C O N N E C T E D

EVERY JOURNEY begins HERE Parramatta Railway Station, just a five-minute walk away from your doorstep, offers express services to every Sydney hotspot. Destinations include Sydney Airport, Sydney CBD and further west to Penrith and beyond. Otherwise, take a leisurely ferry ride down the Parramatta River, with the Parramatta Wharf a gentle 10-minute walk away.

The upcoming Parramatta Light Rail will connect Parramatta’s CBD with CommBank Stadium, the new Powerhouse Museum and cultural precinct, Westmead Health Precinct, Rosehill Gardens Racecourse and three Western Sydney University campuses. Plus, the Western Sydney Aerotropolis District is steadily coming to life, with billions of dollars of investment in infrastructure making this community even more connected.

Prefer the wind in your hair on your commute? Parramatta CBD also features a convenient network of walking and cycling paths ready to get you anywhere you need with ease.

4 minute

5 minute

5 minute

walk to the future Parramatta Light Rail

walk to the Parramatta Railway Station

walk to the Parramatta Interchange

10 minute

30 minute

30 minute

walk to the Parramatta Wharf

travel time to Sydney Airport

travel time to the Western Sydney Aerotropolis District

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Parramatta Square

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F O O D, S H O P P I N G A N D F U N – I T ’S A L L H E R E

IMMERSE YOURSELF in ENTERTAINMENT Dive into a vibrant world of shopping, dining and entertainment from the moment you exit Paramount on Parkes. Walk only 600 metres over to Westfield Parramatta, a thriving hub of local and international retailers, department stores, supermarkets and cinemas. Or, satisfy your hunger on Eat Street – a nearby foodie haven – home to a variety of cuisines that span the globe, day and night.

If you’re ready for action, Parramatta is the place to be. Catch a Parramatta Eels home game at CommBank Stadium, a play at the Riverside Theatres or enjoy the Spring Carnival at Rosehill Racecourse to really tap into what this sensational slice of Greater Sydney has to offer.

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Lilymu, Parramatta Square

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Westmead Health Precinct

E M B R AC E L I F E L O N G L E A R N I N G

A HUB OF EDUCATION and HEALTH A wide choice of public, private and independent schools and further learning opportunities are within easy reach of Paramount on Parkes. Options include the Arthur Phillip High School, the King’s School, Tara Anglican School for Girls and James Ruse Agricultural School. Western Sydney University also has several campuses in the area, with its joint Engineering Innovation Hub with the University of NSW in the city centre.

In the medical space, the ever-expanding Westmead Health Precinct is only a short train ride from the Parramatta CBD. Billions in upcoming investments will strengthen its hub of health, research and education facilities.

Western Sydney University

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A N E XC I T I N G C I T Y H U B

INVEST in OPPORTUNITY As Sydney’s second CBD, Parramatta has seen significant population growth and rising interest from home buyers, investors and workers over the past decade.

Its convenient location among expanding education, health and employment hubs has helped fuel this shift, as has numerous multi-billion dollar infrastructure projects further driving the region’s rapid transformation.

30,211

3.3%

32 years

Population of Parramatta

Parramatta annual population growth (2016-2021)

Median age

2.4

75.2%

Professional

Average people per household

Residents born outside Australia

Most common occupation

Top three industries of employment are

14%

5.1%

3.5%

Computer system design and related services

Banking and finance

Hospitals and health services

Sources: https://www.abs.gov.au/census/find-census-data/quickstats/2021/SAL13167, URBIS Market Outlook Parramatta, September 2023.

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STAT I ST I C S A N D H I G H L I G H T S

20%

32%

4.1%

Region population growth

Weekly rent increased in the last 12 months

Western Sydney apartment rental yield

2.4%

0.5%

37.6%

Western Sydney house rental yield

ALAND Western Sydney vacancy rate

Weekly rent index – 12 month change

$2,092

$1,829

26,000

Median weekly household income

Median weekly household income for NSW

Number of new dwellings needed in Sydney to meet current demands

Sources: https://www.abs.gov.au/census/find-census-data/quickstats/2021/SAL13167 and https://sqmresearch.com.au/weekly-rents.php?postcode=2150&t=1, ALAND internal data.

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THE ALAND COMMITMENT

CREATING ASSETS that STAND THE TEST OF TIME Since 2002 ALAND has delivered high-quality homes at affordable prices across Western Sydney and other regional centres. We are now one of Sydney’s largest private multidisciplinary development and construction companies.

Adhering to the highest standards of design and building quality, we have delivered numerous masterplanned and mixed-use projects over the past two decades – and look forward to many more years of sustainable growth.

2023 – 2024

2023 – 2024

2021 – 2022

Best High-Rise Residential Development

Best Mixed-Use Development Australia

Best Residential Development

Award Winner

Award Winner

Award Winner

The Hoxton

Paramount on Parkes

Schofield Gardens

—

—

—

Urban Taskforce

Asia Pacific Property Awards

Asia Pacific Property Awards

Australia

2022

2021

Green Excellence

Best Mid-Rise Development

Award Winner

Award Winner

Schofield Gardens

Schofield Gardens

—

—

Canstar Blue

Urban Taskforce

Award

Australia

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A L A N D E XC E L L E N C E

OUR NUMBERS speak VOLUME Thanks to ALAND’s vast experience in the building and construction industry, we are able to provide much-needed quality housing in record time. Over the past two decades ALAND has created exciting new developments across Western Sydney, achieving an impressive 100% completion record. Our projects have also proved to be a good financial investment for ALAND customers, achieving above average rental yields and strong average portfolio growth over this period.

20+

38+

170+

Established in 2002 – over 20 years in business

Developments in New South Wales

ALAND employees

3,800+

1,708+

6,000+

Apartments built and counting

Apartments under construction

Apartments in planning

The ALAND difference

0.2%

5.5%

6.7%

100%

ALAND vacancy rate

ALAND average yield

ALAND average portfolio growth per annum (all projects)

ALAND completion rate

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Bottlebrush, Schofield Gardens, Schofields

The Hoxton, Liverpool

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A L A N D E XC E L L E N C E

DEVELOPING for TODAY’S SUCCESS AND TOMORROW’S ACHIEVEMENT

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A L A N D E XC E L L E N C E

Every ALAND development evolves from significant market and location research, close stakeholder liaison and diligent planning.

We plan for the future at every stage of the process.

Apart from winning numerous industry awards, this broad vision has allowed ALAND to keep raising the bar for long-term business opportunity and success. With every project, we cement an unwavering trust for expert planning, high quality building and a deep-seated commitment to sustainability for years to come.

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TA P I N T O S K Y- H I G H E XC E L L E N C E

THRIVE ABOVE IT ALL at PARAMOUNT ON PARKES

The general information provided by this brochure is accurate as of April 2024 and is intended only as an indicative overview of the project’s general content and is subject to change. Interested parties, prospective and actual purchasers should rely on their own enquiries and due diligence. The developer, its officers, employees, agents and related body corporates expressly disclaim any liability and responsibility (to the maximum extent permitted by law) to any person or organisation for any loss, liability, damage or expense arising directly or indirectly from or connected in any way with any use of or reliance on the information contained within this document. All images of the project in this document are artist’s impressions and are indicative only, and the final form of the project is subject to change.

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