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Retail in North Parramatta
DECEASED ESTATE - Entire Complex to be Sold In One Line
- Building/Land: 3,013m²
Ray White Commercial NSW is pleased to present 54-56 Albert Street, North Parramatta (also known as 27-29 Isabella Street) for sale via Expressions of Interest.
Tightly held within one family for over 2 decades, entire complex consisting of 23 dwellings. Comprising of 19 residential apartments all configured into two and three bedrooms, 2 x townhouses, 1 x villa and 1 retained heritage cottage.
Positioned on an impressive site area of 3,013m2* with two (2) streets frontage to Albert & Isabella Streets. This fully leased single title block offers the security of a strong income, underpinned by Parramatta's population growth. Includes future upside through refurbishment, potential strata subdivision or redevelopment^.
Additional highlights of the property are outlined below:
- Impressive site area 3,013m2*
- Two (2) streets frontage via Albert & Isabella Streets
- Configured into 19 residential apartments (16 x 2 bedrooms & 3 x three bedrooms)
- 2 x two level townhouses
- 1 x two bedroom villa
- 1 x retained heritage cottage
- Car parking allocations for all units
- Fully leased with passing income of $508,560* per annum
- 500m* to proposed Fennell Street light rail station
- Walking proximity to the thriving Parramatta CBD
- Once in a generation offering
The property will be offered for sale via Expressions of Interest, closing Thursday 5 May 2022 at 3pm
For more information, please contact the below exclusive selling agents.
*Approx. ^S.T.C.A
3,013m²
3,013m² / 0.74 acres
R2 Low Density Residential
Tenanted
Other, Retail, Offices