2 Sorrell StreetParramatta NSW 2150
Property Details for 2 Sorrell St, Parramatta
Last Listing description (February 2019)
This prominent corner position is strategically positioned on the fringe of Parramatta CBD only 250m from Eat Street and Prince Alfred Square. The site has received Gateway approval with capacity for 115+ luxury apartments many with oversized balconies and terraces overlooking the river and CBD, positioned above vibrant street and river facing hospitality/retail spaces. Existing building includes 16 recently renovated two-bedroom apartments and 5 commercial suites, above one level of basement parking.
This strategic position is located directly opposite the recently announced $1billion Powerhouse Museum (due to open in 2023), the proposed 10,000 person cultural River Square and City River Plan upgrades, the proposed 500m Civic Link pedestrian thoroughfare to Parramatta Square which will emerge directly opposite, and is only 250m from Parramatta Light Rail (Stage 1) and 500m from UWS Parramatta City Campus and International College.
This under-developed riverfront site also presents an opportunity to amalgamate with the neighbouring property to achieve 3800sqm with an 80m river frontage in the heart of Sydney s bustling Second CBD .
* Gateway Approved height of 60m (17 storeys)
* Draft scheme demonstrating 115 luxury apartments with design excellence
* Flexible B4 zoning permits a variety of uses including luxury mixed use, commercial, hotel, student accommodation and Build-to-Rent
2 Sorrell St is being offered for sale via Expression of Interest.
Property History for 2 Sorrell St, Parramatta, NSW 2150
- 10 Jul 2024Sold
- 22 Oct 2018Listed for Sale By Negotiation
- 26 Apr 2018Listed for Rent $395 / week
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0About 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 19,066 properties. Over the last 5 years, Houses in Parramatta have seen a 58.91% increase in median value, while Units have seen a 7.01% increase. As at 31 October 2024:
- The median value for Houses in Parramatta is $1,737,809 while the median value for Units is $609,829.
- Houses have a median rent of $630 while Units have a median rent of $650.
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