PARRAMATTA CBD OFFICE BUILDING WITH MAJOR REDEVELOPMENT UPSIDE

Situated on the South side of Hassall Street (North Facing) directly opposite to Charter Hall Group and Western Sydney University’s new $300 million world-class ‘Innovation Hub’
and adjacent from Parramatta’s main transport Hub/Westfields.

Key property highlights include;

- Substantial four level office building offering good holding income
- Significant rental reversion potential
- 75 secure basement car parking spaces
- 1,920sqm site area with dual Street frontage
- 20m approx. frontage to Hassall Street, 24m approx. frontage to Parkes Street
- B4 mixed use zoning
- Rare North facing tower site
- Demo clauses in all leases enabling access to redevelopment quickly
- 10:1 FSR plus bonuses (12:1) approved in recently gazetted LEP being 23,040sqm of GFA potential (STCA*).
- In addition, council resolution to reinstate higher FSR meaning further upside in GFA potential (STCA*).

Being sold via expressions of interest, closing 4pm Monday 5 September 2022.

For more information, please contact the exclusive selling agents.

*subject to council approval

contact

Jon Race

Jon Race

P(02) 9687 2777

M0405 500 333

George Khoury

George Khoury

P(02) 9687 2777

M0416 222 333

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property information

  • Type: Commercial
  • Price: Expressions of interest
  • Suburb: Parramatta
  • Land Size: 1920 m2
  • Building Size: 3560.1 m2