Receivers & Managers Appointed - Entire complex of 22 Dwellings
Strata registered for 22 lots
To be offered in one line
650 metres to Parramatta Railway Station
On behalf of KordaMentha (Receivers and Managers Appointed) and RWC Western Sydney, are pleased to present Lots 1-22/ 26 Marion Street Parramatta for sale via Expressions of Interest.
The property comprises of a nine (9) storey residential development containing 21 residential apartments completed in early 2020, and a retained cottage fronting Marion Street currently utilised for commercial purposes.
Strategically located in the thriving Parramatta CBD, ideal for investors looking for a diverse income stream or strata sell down groups. To be offered in one line, property is already strata registered.
Additional highlights of the property are outlined below:
• Apartment mix comprises of 18 x 1 bedroom and 3 x 1 bedroom + study • To be offered in one line • Strata registered for 22 lots • Current passing income of $494,026* per annum • Potential market rental of $676,200* per annum • Ideal opportunity to capitalise on the current housing shortage & rising rental market • High end finishes throughout with tiled living areas • All units with balconies, dishwashers & split system air-conditioning • 250* metres to Harris Park Railway Station • 650* metres to Parramatta Railway Station
The property will be offered for sale via Expressions of Interest, closing, Wednesday 15 November 2023 at 3:00pm
For more information, please contact the below exclusive selling agents.