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  • Sold
Vast Industrial Land with Unrivalled Development Potential - #1
Vast Industrial Land with Unrivalled Development Potential - #2
Vast Industrial Land with Unrivalled Development Potential - #3
Vast Industrial Land with Unrivalled Development Potential - #4
Vast Industrial Land with Unrivalled Development Potential - #5
Vast Industrial Land with Unrivalled Development Potential - #6
Vast Industrial Land with Unrivalled Development Potential - #7

For Sale

Expressions of Interest closing 26th Oct 2023 .
On behalf of KordaMentha as Receivers and Managers Appointed, Colliers as exclusive selling agents, is pleased to offer the following two properties to the market for sale with the ability to acquire the properties either individually or together:

•Property 1: Units 1-6, 1 River Road West, Parramatta
•Property 2: 139-143 Arthur Street and 3-7a River Road West, Parramatta

This is an attractive investment opportunity for industrial owner occupiers, strata developers, build to rent operators, residential apartment developers and self-storage operators.

This prime opportunity is perfectly positioned for a phased development and is further bolstered by ongoing rental income as council approvals are sought, for rezoning or redevelopment.

Underpinned by unrivalled development potential, key aspects of this unique offering include:

•Located in a tightly held market with limited opportunities to acquire redevelopment sites, especially those with major rezoning prospects in proximity of the Parramatta CBD
•Redevelopment sites that present as a genuine and flexible blank canvass to develop a world-class offering
•Two parcels of scale, totalling 16,484m²*, supported by holding income allowing for a staged development
•Significant market rental reversion with the ability to capitalise on the strong occupier market
•Supreme access to existing precinct amenities, major arterial motorways, and transport infrastructure; enabling unrivalled connectivity to Greater Sydney
•The properties are in proximity to large and growing residential catchments and will continue to satisfy and drive demand from e-commerce users

Units 1-6, 1 River Road West, Parramatta and 139-143 Arthur Street and 3-7a River Road West, Parramatta are being offered individually or in-one-line for sale via an Expressions of Interest Campaign closing Thursday, 26 October 2023.

For more information, please reach out to the exclusive agents.

*All figures are approximate
  • 13/11/2023
  • Contact our experts for details on this transaction