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2-4 Palmer Street Parramatta NSW 2150

  • Development / Land
  • 600 m²
  • Commercial Auction

Freestanding Commercial Investment with Development Upside^

Ray White Commercial - Metropolitan Sydney in conjunction with Khoury & Partners is pleased to present 2-4 Palmer Street, Parramatta for sale via Auction.

This property represents a unique opportunity to acquire a freestanding commercial investment with significant development upside.

Strategically located within the heart of Sydney's fastest growing CBD of Parramatta, this perfectly positioned corner block encompasses a fully leased commercial building possessing a total site area of 600sqm* with future development potential^.

Additional highlights of the property include:

- Fully leased freehold building presenting an opportunity to invest or occupy in the future
- Currently a two-storey showroom/gallery building with parking
- Current passing income $247,010.94* +GST with significant rental upside
- Located in the heart of Parramatta moments from all amenities
- Future development potential^
- Site area 600sqm*
- Net lettable area of 685sqm*
- Zoned B4: Mixed Use
- Current FSR 4.1 & Height 24m
- Proposed FRS 6.1** & 80m**

The property will be offered for Auction, on Thursday 16 July 2020 at 10.30am. The Auction will be held at Cooleys CBD, Dexus Place, Level 5, 1 Margaret Street, Sydney

For more information, please contact the below selling agents.

Jeff Moxham
Principal
Ray White Commercial - Metropolitan Sydney
0413 838 339
jmoxham@raywhite.com

Samuel Hagelias
Director
Ray White Commercial - Metropolitan Sydney
0403 254 675
shadgelias@raywhite.com

Anthony Khoury
Managing Director
Khoury & Partners
0418 224 600
anthony@khoury.com.au

Jon Race
Commercial Sales and Leasing
Khoury & Partners
0405 500 333
jon@khoury.com.au

*Approx.
** Parramatta CBD Planning Proposal
^ Subject to council approval

Auction date and time16/07/2020 10:30
Auction locationCooley CBD, Dexus Place, Level 5, 1 Margaret Street, Sydney

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2016318336
Floor Area685 m²
Land Area600 m²
Energy0-star NABERS Energy rating
Parking10 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  1 Jul 2020
Map for 2-4 Palmer Street Parramatta NSW 2150
Map for 2-4 Palmer Street Parramatta NSW 21502-4 Palmer Street Parramatta NSW 2150
Ray White Commercial NSW - Metropolitan Sydney
Level 17/135 King St Sydney NSW 2000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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