Ray White Commercial is pleased to present 55-59 Parramatta Road, Lidcombe for sale via Expressions of Interest.
This fully-leased asset represents a highly sought after opportunity to acquire a secure investment with projected future upside located in the epicentre Parramatta road bulky goods retail corridor neighbouring major destination retailers including but not limited to Costco, Bunnings, The Red Yard and many more.
This high profile freehold building is anchored by a blue chip multinational tenant, Adidas, the building is further occupied by a balanced tenant mix offering multiple income streams.
Additional highlights of the property are outlined below:
* Total site area of 2,004m2*
* Net lettable area of 2,595m2*
* Net passing income of $693,338* with potential to increase
* 100% occupied with diverse tenant mix
* Three street frontages including rear lane access
* Potential to value-add, reposition or redevelop with bonus FSR available for specific developments (STCA)
* High exposure corner position on Parramatta road which accommodates over 3 million commuters every year
* Recently installed solar panels
* Identified as a major employment hub in the Parramatta Road Urban Transformation Program
* Targeted growth area for programs such as GPOP and Pinch Point, totalling $10 billion of investment.
The property is offered for sale by Expressions of Interest closing on Wednesday, 17 March 2021 at 3pm.
*Approx.
