Colliers are pleased to present 36-40 Grose Street, Parramatta, a boutique high-density residential development opportunity with stable holding income positioned in Australia's fast-growing suburb of Sydney's West.
Located within the Parramatta Northeast Precinct, the site is located under gateway determination, with Design Excellence endorsed by Parramatta City Council paving the way for increased height and GFA up to 15-storeys.
Only 200 metres from the Fennell Street Light Rail Station*, the site offers seamless connectivity to Parramatta's key landmarks including the Church Street dining precinct, Westmead Hospital, CommBank Stadium, Parramatta Westfield and connecting to Parramatta Railway Station.
Investment Highlights:
• 2,319sqm* site area on 3 separate lots with over 52 metres* frontage to Grose Street
• Amalgamated site with two freehold blocks of units (8 x 2-bed) and a residential dwelling across separate titles providing multiple income streams from 17 tenancies with short lease terms
• Zoned R4 High Density Residential under Parramatta LEP 2023
• Design excellence gateway supports an increased planning uplift up to 3.9:1 FSR, expected to be finalised by late 2025
• Concept scheme is prepared for a 9,094sqm GFA project with 109 apartments over 15-storeys (subject to Town planning approval).
• Walking distance to light railway, Westmead Hospital, CommBank Stadium, Church Street retail & dining, Westfield Parramatta, Parramatta Square and rail interchange.
• Parramatta CBD has experienced over $20 billion in public and private investment over the past decade.
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36-40 Grose Street, Parramatta is for sale by Expressions of Interest closing on Thursday 19th June 2025 at 3:00pm (AEST).
For more information or to arrange an inspection, please contact the exclusive agents today!
*approx.