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Commercial in Parramatta
Receivers & Managers Appointed - Entire complex of 22 Dwellings
- Building: 1m²
- Land: 549.5m²
Additional Information:
More InfoOn behalf of KordaMentha (Receivers and Managers Appointed) and RWC Western Sydney, are pleased to present Lots 1-22/ 26 Marion Street Parramatta for sale with guiding price of $8,500,000.00.
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
For more information, please contact the below exclusive selling agents.
1m²
549.5m² / 0.14 acres
Land Zoning - MU1 Mixed Use
Tenanted