![Colliers - Sydney West](https://i1.au.reastatic.net/170x46-fit/34229594904b963f0d733600ae1d2806ce327c663109786938165bd5b0f3cbfb/large_commercial.jpg)
Added 4 days ago
Lots 1 & 2, 29 Grose Street,
Parramatta, NSW 2150
Offices • Medical & Consulting • Development Sites & Land
Added 4 days ago
Price information
Sale - Expression of Interest closing Thu 25 Jul
Please contact agent
Key property information
Floor area
Expression of Interest
Private inspections
to arrange a private inspection.
Colliers - Sydney West
Level 50, 8 Parramatta Square, 10 Darcy StreetPARRAMATTA, NSW 2150
![Colliers - Sydney West](https://i1.au.reastatic.net/170x46-fit/34229594904b963f0d733600ae1d2806ce327c663109786938165bd5b0f3cbfb/large_commercial.jpg)
Lots 1 & 2, 29 Grose Street
Parramatta, NSW 2150
Map
Solid Parramatta CBD Investment with Huge Upside
- Successful radiology clinic since 1974
- Parramatta CBD investment
- Building area: 934m²*
Colliers are privileged to present for sale Lots 1 & 2, 29 Grose Street, Parramatta. A solid medical & commercial investment in a modern three-storey commercial office building comprising of ground floor specialist radiology clinic and five first floor offices within Australia’s fastest growing CBD.
The property is strategically located only 200m* to Fennell Street light rail station within walking distance to Church Street dining precinct, Westmead Hospital, CommBank Stadium and Parramatta railway station in a highly desirable Parramatta CBD location.
Investment highlights:
• Solid medical & commercial investment in boutique Parramatta CBD office building
• Majority leased with six diverse & secure income streams including specialist radiology clinic and five first floor office tenancies with exclusive rooftop access
• Strong value-add upside to reposition and increase income in Sydney’s fastest growing region
• Future redevelopment upside^ through site amalgamation offering sweeping CBD views
• Highly successful radiology practice since 1974! New 5-year lease from March 2023 with options to 2033.
• Building Area: 934m²* (majority strata entitlement) plus 11 basement parking spaces
• Estimate fully leased income - $458,548.94 per annum + GST*
• Strategic Parramatta CBD location within walking proximity to key amenities and infrastructure.
Lots 1 & 2, 29 Grose Street, Parramatta will be for sale via International Expressions of Interest closing 25th July 2024 at 3:00PM (AEST).
For more information or to arrange an inspection, please contact the exclusive selling agents today.
*Approx.
^Subject to council approval
The property is strategically located only 200m* to Fennell Street light rail station within walking distance to Church Street dining precinct, Westmead Hospital, CommBank Stadium and Parramatta railway station in a highly desirable Parramatta CBD location.
Investment highlights:
• Solid medical & commercial investment in boutique Parramatta CBD office building
• Majority leased with six diverse & secure income streams including specialist radiology clinic and five first floor office tenancies with exclusive rooftop access
• Strong value-add upside to reposition and increase income in Sydney’s fastest growing region
• Future redevelopment upside^ through site amalgamation offering sweeping CBD views
• Highly successful radiology practice since 1974! New 5-year lease from March 2023 with options to 2033.
• Building Area: 934m²* (majority strata entitlement) plus 11 basement parking spaces
• Estimate fully leased income - $458,548.94 per annum + GST*
• Strategic Parramatta CBD location within walking proximity to key amenities and infrastructure.
Lots 1 & 2, 29 Grose Street, Parramatta will be for sale via International Expressions of Interest closing 25th July 2024 at 3:00PM (AEST).
For more information or to arrange an inspection, please contact the exclusive selling agents today.
*Approx.
^Subject to council approval
Property ID: 504624048Last Updated: 26 Jun 2024
Colliers - Sydney West Level 50, 8 Parramatta Square, 10 Darcy Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.