Case Studies

Suite 3/4 Charles Street, Parramatta

Situated in a prime position in the thriving Parramatta CBD is this perfect entry level office suite, with ground floor retail/commercial area and two basement security car spaces.

We outline below highlights of the property:

• Leased until 30 June 2017

• Passing rental of $23,344* per annum + GST

• Boutique complex of 13 strata units

• Zoned B4 Mixed Use

• Floor Space Ratio 6:1

• Situated in high growth area

• Perfect for investor or owner occupier

There was a very strong response to the marketing campaign, with five bidders on Auction day. Competitive bidding in solid $50,000 increments then to $25,000 increments ensured the property was sold under the hammer. The fantastic end result achieved was well above the vendors expectations.

Sale Analysis*
Sale Price:$650,000
Building Area:63m2
Basement Area:41m2
Total Strata Entitlement:104m2
Zoning:B4 Mixed Use
Outgoings:$10,519.37* per annum + GST
Floor to Space Ratio:6:1
Passing Rent:$23,344* per annum + GST
Passing Yield:3.6%*
Sales Process
Sale Dale:10 March 2017
Sale Type:Auction
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