153-165 Parramatta RoadNorth Strathfield NSW 2137
Property Details for 153-165 Parramatta Rd, North Strathfield
Last Listing description (March 2024)
RWC Western Sydney is pleased to present 153-165 Parramatta Road, North Strathfield ('the Property') for sale via Expressions of Interest.
An iconic showroom situated on a substantial 5,960sqm* landholding with a brand-new lease to Hyundai Motor Group.
The Property presents a unique and rare opportunity to acquire one of Sydney's highest exposure assets along the regentrifying Parramatta Road corridor. Sitting on an island site, the Property boasts over 300 metres* of street frontages with access off both Concord Road as well as Parramatta Road.
Forming a part of The Parramatta Road Urban Transformation Strategy, the Property also benefits from substantial future redevelopment upside.
Additional Highlights of the Property:
• Lease to multinational blue-chip tenant - Hyundai Motor Group
• Secure 10-year lease plus 7-year option until 2041
• Annual net income of $1,100,000 plus GST
• Fixed 5% annual increases to future proof your investment
• Substantial site area of 5,960 sqm*
• Existing lettable area of 4,216 sqm*
• Existing improvements include showroom, offices, workshop, storage, restaurant/café as well as amenities
• Ample onsite parking
• Highly desirable business destination with unparalleled exposure
• Three street frontages with direct access to Concord Road and Parramatta Road
• Incredibly flexible Zoning E3 Productivity Support - allows for residential, retail & commercial uses
• Long term potential to value-add, reposition or redevelop
• Attractive net lease with tenant responsible for all outgoings
The property will be offered for sale via Expressions of Interest, closing Wednesday 28 February 2024 at 3:00pm.
For more information, please contact the exclusive agents.
*Approx.
Property History for 153-165 Parramatta Rd, North Strathfield, NSW 2137
- 11 Mar 2024Sold for $23,000,000
- 28 Jan 2024Listed for Sale Expressions of Interest
- 29 Jan 2016Sold for $867,050
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/y6udxgl62ai6vfactxuyzwlj3q?signature=f31669265818aad69fee87c23f737ef6db24377025dfe4cf78fa21646fc81df6){kind=logo}
0/assets/perm/le6qp2yyo4i63lbuy5tudd6hvu?signature=8636f33cadd6d5514932fb27250c76c79d77e381476c49c6e0870eecf7d7d393){kind=logo}
0/assets/perm/62ala3baoyi6vcslbfhdbile2i?signature=770b4d7f5add60ac4cba3cb595c00f713f332d5abca86124ad23033e29503732){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About North Strathfield 2137
The size of North Strathfield is approximately 1 square kilometres. It has 5 parks covering nearly 0.6% of total area. The population of North Strathfield in 2011 was 4,442 people. By 2016 the population was 4,758 showing a population growth of 7.1% in the area during that time. The predominant age group in North Strathfield is 20-29 years. Households in North Strathfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Strathfield work in a professional occupation. In 2011, 54.9% of the homes in North Strathfield were owner-occupied compared with 50% in 2016.
North Strathfield has 2,270 properties. Over the last 5 years, Houses in North Strathfield have seen a 40.44% increase in median value, while Units have seen a 21.47% increase. As at 31 October 2024:
- The median value for Houses in North Strathfield is $2,416,737 while the median value for Units is $876,416.
- Houses have a median rent of $865 while Units have a median rent of $698.
Suburb Insights for North Strathfield 2137
Market Insights
North Strathfield Trends for Houses
N/A
N/A
View TrendN/A
N/A
North Strathfield Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
