58 Railway Parade,
Burwood, NSW 2134
Offices • Shops & Retail
Price information
Sold
$80,000,000
Key property information
Floor area
Car spaces
Parking info
Zoning
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Map of 58 Railway Parade
Securely Leased Office Investment with Significant Residential Development Upside
Strong mixed use location close to Railway Station and major retail centres
INVESTMENT
• Two freestanding seven level office buildings with NLA of 16,126 sqm
• Net income: $6,530,000 pa* (approx.)
• 99.6%* Occupancy and 3.2 year WALE* (by income) with staggered lease expiry
• Superior cash flow with 76.5% (by income) leased to Government and ASX listed tenants including NSW State Government, Commonwealth Government and Telstra
• Large, easily dividable floor plates of up to 1,280 sqm
• Strong natural light penetration
DEVELOPMENT UPSIDE
• B4 Mixed Use Zoning
• 60m height limit
• 6,642 sqm site
• FSR 4.5:1 (Max Resi FSR 3.0:1)
• Surplus developable area of 12,000 sqm (approx.)
• Concept plan for up to 180 apartments with ground floor retail (Subject to Council Approval)
*as at 30 April 2014
For Sale by Expressions of Interest closing 6 June at 4pm (AEST)
INVESTMENT
• Two freestanding seven level office buildings with NLA of 16,126 sqm
• Net income: $6,530,000 pa* (approx.)
• 99.6%* Occupancy and 3.2 year WALE* (by income) with staggered lease expiry
• Superior cash flow with 76.5% (by income) leased to Government and ASX listed tenants including NSW State Government, Commonwealth Government and Telstra
• Large, easily dividable floor plates of up to 1,280 sqm
• Strong natural light penetration
DEVELOPMENT UPSIDE
• B4 Mixed Use Zoning
• 60m height limit
• 6,642 sqm site
• FSR 4.5:1 (Max Resi FSR 3.0:1)
• Surplus developable area of 12,000 sqm (approx.)
• Concept plan for up to 180 apartments with ground floor retail (Subject to Council Approval)
*as at 30 April 2014
For Sale by Expressions of Interest closing 6 June at 4pm (AEST)
Property ID: 501128311Last Updated: 5 Aug 2014
58 Railway Parade
Burwood, NSW 2134
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