398-402 Church Street,
Parramatta, NSW 2150

Offered for the first time in over 40 years, 3 retail shops in one line and title on a site area of 505.90m2 in the thriving Parramatta CBD.

Fully leased investment with established tenants and stable multiple income streams with 3 individual tenancies and a nett lettable area of 238m2 (approx.). Current gross passing income of $94,671.84 per annum + GST with annual increases and future potential to increase to market value.

Development potential (STCA) zoned B4 Mixed Use under Parramatta City Council LEP with a maximum floor space ratio of 3:1 and a maximum building height of 24 metres.

Significantly highly exposed and recognised land holding neighbouring McDonalds, Coles Supermarket, Liquorland, Nandos, Subway and medical centre. Includes rear access and on site car parking.

Definitely suit the investor, future occupier or developer located in a high growth area minutes to Parramatta railway/bus interchange, ferry and Westfield.

Auction: In-Room Tuesday 2nd December at 10:30am - Mezzanine Level, 50 Margaret Street, Sydney.