FOR SALE
EXPRESSIONS OF INTEREST

15 Cowper Street
Parramatta NSW 2150

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 601m2
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Boutique Development Site with Holding Income^

RWC Western Sydney is pleased to present 15 Cowper Street, Parramatta ('the Site') for sale via Expressions of Interest.
The Site represents an excellent development opportunity for astute developers to take advantage of its immediate proximity to the heart of Parramatta CBD including the Station, Parramatta Square as well as Westfield Parramatta.
Currently exists as a tenanted freehold commercial building that is an elderly care facility.
Additional Highlights of the Property:
• Site area of 600sqm*
• Zoned MU1 Mixed Use (formerly B4 Mixed Use)
• Existing FSR of 6:1 with a height limit of 80 metres
• Potential Gross Floor Area of 3,600sqm* plus bonuses
• Existing holding income of $73,116.22 per annum
• Existing DA Approval for a mixed-use building
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Property Details for 15 Cowper St, Parramatta

Building Type
Commercial
Floor Size
1m2
Land Size
601m2

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About Parramatta 2150

The size of Parramatta is approximately 5.5 square kilometres. It has 29 parks covering nearly 23.8% of total area. The population of Parramatta in 2011 was 19,744 people. By 2016 the population was 25,788 showing a population growth of 30.6% in the area during that time. The predominant age group in Parramatta is 30-39 years. Households in Parramatta are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parramatta work in a professional occupation. In 2011, 35.9% of the homes in Parramatta were owner-occupied compared with 28.1% in 2016.

Parramatta has 19,072 properties. Over the last 5 years, Houses in Parramatta have seen a 66.81% increase in median value, while Units have seen a 7.90% increase. As at 30 September 2024:

  • The median value for Houses in Parramatta is $1,714,411 while the median value for Units is $611,604.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 203 properties listed for sale, and 171 properties listed for rent in Parramatta on OnTheHouse. According to CoreLogic's data, 998 properties were sold in the past 12 months in Parramatta.

Suburb Insights for Parramatta 2150

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Victor Sheu
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Peter Vines
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RWC Western Sydney
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.