SOLD
Sold on 21 May 2024 for $4,000,000

142-144 Parramatta Road
Croydon NSW 2132

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 860m2
Land area: 860m2
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Property Details for 142-144 Parramatta Rd, Croydon

Building Type
Commercial
Floor Size
860m2
Land Size
860m2
Local Government
Burwood
Lot/Plan
1/DP338378

Last Listing description (June 2023)

Ray White Commercial Sydney City Fringe are delighted to offer to the market 146-164 Parramatta Road, 142-144 Parramatta Road, 2-4 Cheltenham Road, 6 Cheltenham Road and 7 Royce Avenue, Croydon.

Strategically positioned within the Parramatta Road Urban Renewal Kings Bay Growth Precinct, only 543m approx. from the Burwood Metro station and directly across from Croydon Office Works, McDonald's, KFC and Shell Service Station.

Key property attributes include:

- Prime Inner West freehold
- Land Area 4,668 sqm
- Substantial Holding Income - $658,175.51 + GST
- Part of Parramatta Road Urban Renewal Kings Bay Growth Precinct which includes proposed planning controls uplift

Current Approved GFA - 8,169 sqm
Current FSR - 1.75:1
Height Limit - 15 metres

Imminent
Potential GFA Subject to Imminent Uplift - 9,802 sqm
Potential FSR - 2.1:1
Height Limit - 21 metres

- Rental reversion potential with demolition clauses in all leases
- Abundance of customer/staff car parking at rear
- Three prominent street frontages with a high volume of cars passing daily
- Two easily accessible loading docs
- Majority of the asset is leased to national retailers - Fantastic Furniture, TLE and Telstra.
- Suitable for development opportunity, lease investment or owner occupier

For more information or to arrange an inspection please contact the sales agents below:

Dean Haustead
Sales & Leasing
Ray White Commercial Sydney City Fringe
0416 287 557
dean.haustead@raywhite.com

Ronan Braham
Sales & Leasing
Ray White Commercial Sydney City Fringe
M: 0452 008 887
E: ronan.braham@raywhite.com

Kristian Morris
Principal and Licensee in Charge
Ray White Commercial Sydney City Fringe
0411 415 297

Approx*

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Property History for 142-144 Parramatta Rd, Croydon, NSW 2132

A timeline of how this property has performed in the market
Last Sold
$4,000,000
21 May 2024
Listed for Rent
$2.30k/w
14 Feb 2008
  • 21 May 2024
    Sold for $4,000,000
  • 17 May 2023
    Listed for Sale For Sale - Contact Agent
  • 11 Oct 2007
    Listed for Rent - Price not available
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About Croydon 2132

The size of Croydon is approximately 2.5 square kilometres. It has 13 parks covering nearly 6.1% of total area. The population of Croydon in 2011 was 10,380 people. By 2016 the population was 10,610 showing a population growth of 2.2% in the area during that time. The predominant age group in Croydon is 20-29 years. Households in Croydon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Croydon work in a professional occupation. In 2011, 68.1% of the homes in Croydon were owner-occupied compared with 66.2% in 2016.

Croydon has 4,452 properties. Over the last 5 years, Houses in Croydon have seen a 56.64% increase in median value, while Units have seen a 5.72% increase. As at 30 September 2024:

  • The median value for Houses in Croydon is $2,369,621 while the median value for Units is $818,930.
  • Houses have a median rent of $900 while Units have a median rent of $650.
There are currently 14 properties listed for sale, and 14 properties listed for rent in Croydon on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Croydon.

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