35 Smith StreetParramatta NSW 2150
Property Details for 35 Smith St, Parramatta
Last Listing description (March 2024)
RWC Western Sydney is pleased to present 35 Smith Street, Parramatta, for sale via Expressions of Interest, an exceptional opportunity to acquire a freehold commercial asset in the absolute heart of Parramatta CBD.
Representing an outstanding opportunity for astute investors, occupiers as well as developers. The Property offers income upside through refurbishment and tenant repositioning, adaptive recreative reuse of its unique rooftop terrace tenancy, as well as for businesses to occupy and establish a brand new corporate headquarters.
Alternatively, the building could be subdivided to supply the market that is currently experiencing severe stock shortage.
Located within a short stroll to the Railway Station and Bus Interchange as well as all amenities Parramatta has to offer, the Property is also conveniently located merely 150 metres* (or a 2 minute walk) from the brand new Parramatta Metro Station where construction is well underway.
Additional highlights of the property are outlined below:
• Total net lettable area of 2,190.80 sqm*
• Sizeable land holding of 574.9sqm*
• 20 secure parking spaces
• Annual net income of $572,203*
• Current occupancy rate of 66%*
• Zoned E2 Commercial Core with a generous FSR of 10:1
• Substantial existing improvements with ability to increase income or partially occupy
• Exceptional underlying development upside
• 150m* to Parramatta Metro Station and 250m* to Parramatta Square
• Rear lane access via Andrew Nash Lane
• 3.0-star NABERS energy rating
The property is offered for sale via Expressions of Interest, closing Wednesday 6 March 2024 at 3:00pm.
For more information, please contact the below exclusive selling agents.
*Approx.
Property History for 35 Smith St, Parramatta, NSW 2150
- 18 Mar 2024Sold
- 06 Mar 2024Listed for Rent - Price not available
- 04 Feb 2024Listed for Sale Expressions of Interest
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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 19,189 properties.
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