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Shop 1/459-463 Church St
Parramatta NSW 2150
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Sold on 9 May 2022

Shop 1/459-463 Church St Parramatta NSW 2150

  • Shop & Retail
  • 198 m²
  • Sold

INVESTMENT PARRAMATTA | $135K NET RETURN

  • PARRAMATTA LEASED INVESTMENT
  • CORNER PROFILE
  • NET RETURN $135K PER ANNUM

Belroy Property are excited to offer Shop 1, 459 - 463 Church Street to the market, for Sale by Auction. The shop is leased to Vasco's Chicken, positioned on the corner of Church and Harold Streets, Parramatta - located within 100m* to Fennell Street light rail stop. This is a fantastic opportunity to acquire an affordable investment in the emerging CBD of Parramatta.

Key investment highlights include:

+ Total Strata Area 198sqm*
+ Zoned B4 Mixed Use
+ 5 x 5 x 5 years lease commenced 1 April 2018
+ Current net passing income per annum $135,240*
+ Rent increases annually by 3%
+ Strong lease security of six (6) months bond and guarantees
+ Premises features outdoor dining area, secure parking and storage

FOR SALE BY AUCTION (if not sold prior)
Tuesday 10 May 2022 @ 10:30am
Auctionworks - Mezzanine Level, 50 Margaret Street, Sydney

*Approximately

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Property Code: 798

AUCTION

Auction date and time10/05/2022 10:30
Auction locationSee description

Property Highlights

Date Sold9 May 2022
Floor Area198 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2017733942
Category
Last updated  9 May 2022
Map for Shop 1/459-463 Church St Parramatta NSW 2150

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Property Highlights

Date Sold9 May 2022
Floor Area198 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2017733942
Category
Last updated  9 May 2022

Co-Agents

Peter Karam
Peter Karam
Belroy Property
Call
0414 905 639
Sam  Agostino
Sam Agostino
Belroy Property
Call
0413 901 919

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