340 Guildford Road, Guildford NSW
The exclusive agents are pleased to announce the sale of 340 Guildford Road, Guildford prior to auction.Situated on a commanding…
Case Studies
98 Parramatta Road Lidcombe NSW
DEVELOPMENT WITH LEASEBACK
Sold under the hammer following a competitive marketing campaign, the exclusive agents are pleased to announce the sale of 98 Parramatta Road, Lidcombe.
This main road site of 1,939m2* of land area has an extensive 55.5m* frontage to Parramatta Road and exposure to over 80,000* cars daily. Identified as part of the Parramatta Road Corridor Urban Transformation Strategy and leased to Telstra on a head lease for four (4) years, this was perfect investment opportunity with future development potential (STCA).
Key highlights include:
• Leased to Telstra for four (4) years expiring 2022
• Single storey brick building of 1,564m2*
• Secured fenced yard area with dual entry/ exit points
• Currently zoned B6 Enterprise Corridor
• Part of the Parramatta Road Corridor Urban Transformation Strategy
• Future development potential^
• Situated in a high growth precinct
• Neighbouring established national retailers
*Approximate ^ S.T.C.A
| Sales Analysis | |
| Sale Price: | $4,500,000 |
| Sale Date: | 11 April 2018 |
| Total Floor Area: | 1,564 m2* |
| Total Land Area: | 1,939 m2* |
| Proposed Rental Income: | $156,400 + GST* |
| Zoning: | Enterprise Corridor B6 |
| Outings: | $23,586.23* p.a |
| $/m2 Land Rate: | $2,320.78 |
| Vendor: | Confidential |
| Purchaser: | Confidential |
| Sale Process: | Public Auction |
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