SOLD
Sold on 21 May 2024 for $8,000,000

146-164 Parramatta Road
Croydon NSW 2132

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 340m2
Land area: 1745m2
Sold By
John Hill & Co
Save

Property Details for 146-164 Parramatta Rd, Croydon

Building Type
Land
Floor Size
340m2
Land Size
1745m2
Local Government
Burwood
Lot/Plan
2/DP338378

Last Listing description (May 2024)

John Hill & Co, in conjunction with Khoury & Partners, are delighted to offer to the market 146-164 Parramatta Road, 2-4 Cheltenham Road & 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
- Individually titled
- Land area 3,321 sqm
- Building area 2,400 sqm
- Abundance of customer/staff car parking at rear
- Three prominent street frontages with a high volume of cars passing daily
- Two easily accessible loading docks
- Majority of the asset is leased to national retailers - Fantastic Furniture, TLE and Telstra.
- Four tenants in total providing diversified income streams
- Rental reversion potential with demolition clauses in all leases
- Suitable as a lease investment, redevelopment, or owner occupier
- Further potential to amalgamate adjoining properties
- Part of Parramatta Road Urban Renewal Kings Bay Growth Precinct which includes proposed planning controls uplift

Being sold via Expressions of Interest

Property History for 146-164 Parramatta Rd, Croydon, NSW 2132

A timeline of how this property has performed in the market
Last Sold
$8,000,000
21 May 2024
Listed for Rent
$920/w
14 Dec 2007
  • 22 May 2024
    Listed for Sale Not Disclosed
  • 21 May 2024
    Sold for $8,000,000
  • 13 May 2023
    Listed for Sale Not Disclosed
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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 4,462 properties. Over the last 5 years, Houses in Croydon have seen a 50.94% increase in median value, while Units have seen a 4.77% increase. As at 30 November 2024:

  • The median value for Houses in Croydon is $2,408,539 while the median value for Units is $838,876.
  • Houses have a median rent of $900 while Units have a median rent of $650.
There are currently 8 properties listed for sale, and 17 properties listed for rent in Croydon on OnTheHouse. According to CoreLogic's data, 172 properties were sold in the past 12 months in Croydon.

Suburb Insights for Croydon 2132

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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.