26 Marion StreetParramatta NSW 2150
Property Details for 26 Marion St, Parramatta
Last Listing description (April 2024)
On behalf of KordaMentha (Receivers and Managers Appointed) and RWC Western Sydney, are pleased to present Lots 1-22/ 26 Marion Street Parramatta for sale with guiding price of $8,500,000.00.
The property comprises of a nine (9) storey residential development containing 21 residential apartments completed in early 2020, and a retained cottage fronting Marion Street currently utilised for commercial purposes.
Strategically located in the thriving Parramatta CBD, ideal for investors looking for a diverse income stream or strata sell down groups. To be offered in one line, property is already strata registered.
Additional highlights of the property are outlined below:
• Apartment mix comprises of 18 x 1 bedroom and 3 x 1 bedroom + study
• To be offered in one line
• Strata registered for 22 lots
• Current passing income of $494,026* per annum
• Potential market rental of $676,200* per annum
• Ideal opportunity to capitalise on the current housing shortage & rising rental market
• High end finishes throughout with tiled living areas
• All units with balconies, dishwashers & split system air-conditioning
• 250* metres to Harris Park Railway Station
• 650* metres to Parramatta Railway Station
For more information, please contact the below exclusive selling agents.
Property History for 26 Marion St, Parramatta, NSW 2150
- 04 Jun 2024Listed for Rent $600 / week
- 05 Apr 2024Sold
- 26 Mar 2024Listed for Rent - Price not available
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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 19,179 properties.
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