383-385 Church Street,
Parramatta, NSW 2150

Tightly held in Parramatta CBD on a prominent corner location with 2 streets frontage (Church & Ross Streets), substantial 3 level retail / commercial building of 678m2 (approx) with onsite security car parking for 9 cars.

Fully leased investment with established tenants and stable multiple income streams with 10 individual tenancies with areas from 45m2 – 85m2, communal male/female amenities on each level, kitchenette and air-conditioning. Current gross rental of $163,793.78* per annum with annual increases.

Long term development potential (STCA) zoned B4 mixed use with a maximum floor space ratio of 3:1 and a maximum building height of 24 metres or potential strata subdivision.

Significantly highly exposed and recognised land holding neighbouring McDonalds Restaurant, opposite new development including Coles Supermarket, Liquorland, Nandos, Subway and medical centre.

Potential to increase cash flow with additional advertising and billboard potential (STCA), definitely suit the investor, occupier or developer located in a high growth area minutes to Parramatta Railway / Bus interchange, Ferry and Westfield’s.

Auction: In-Room 15 April at 10:30am - Mezzanine Level, 50 Margaret Street, Sydney.