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
