Development opportunity in the heart of Parramatta CBD with holding income

60 Phillip Street, Parramatta, New South Wales 2150

Office For Sale

Expressions of Interest. EOI Date 14 Aug 2018
Floor Area: 3,329.00 m2.    

Building Class: B
Energy Efficiency: 2.5   

Capral Building

Description

An impressive opportunity within the heart of Parramatta with views across Parramatta River and Sydney district views. The property sits on an island site, with a land area of 1,577sqm with a 3 street frontage and back onto Parramatta river parklands. A holding income of $2,078,000 net per annum is currently being achieved on the asset.

The property enjoys a high profile location, with a short walk to the Parramatta Train and Bus interchange.

Highlights of the property are;

• Current Zoning is B4 Mixed Use
• Current FSR 6:1, proposed (STAC) 10:1
• 7 storey building, 4 upper floors of commercial tenancy, with retail and car parking making up the other floors
• Parking up to 64 vehicles

Expressions of Interest closing, Thursday, 14 August 2018, 2pm

Features

  • Current Zoning is B4 Mixed Use
  • Current FSR 6:1, proposed (STAC) 10:1
  • 7 storey building
  • Parking up to 64 vehicles

Specifications

NABERS Rating 2.5 - Star NABERS Energy rating
Car Parking Details 64 car spaces available, $250 per car space per month plus GST and State Government Levy.

Map

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