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124-126 Parramatta Road & 8 Tideswell Street, ASHFIELD, NSW 2131
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Property Highlights

MIXED USE DEVELOPMENT SITE WITH INCOME
  • Included in Parramatta Rd Strategy
  • Favourable B6 & R3 Zoning
  • Land Size: 2,248sqm* | FSR: 0.7:1 – 2:1

CBRE as the exclusive sales agent is pleased to present 124-126 Parramatta Road, 8 Tideswell Street, Ashfield. It is a unique development opportunity for a developer or investment group that is willing to capitalise on a remarkable location residing in the tightly held and largely popular inner West suburb of Ashfield. The site has significant development upside and comprises two mixed-use commercial assets and a Torrens Title residential apartment complex hosting four residential units. All of which, remain within proximity of The Royal Prince Alfred Hospital, and the renowned University of Sydney. Situated on the doorstep of the Parramatta Road Urban Transformation Strategy, this site will enjoy the corresponding benefits of increased economic activity, employment opportunity, and population growth. 124-126 Parramatta Road holds a DA approval for 41 serviced apartments, with 8 Tideswell Street included in the alternate healthcare development concept for a large-scale postpartum care centre, however, the property can be sold separately or in-one-line.

124-126 Parramatta Road & 8 Tideswell Street, Ashfield benefits from the following key attributes:

•Substantial site area of 2,248sqm *

•124 Parramatta Road – 926sqm*

•126 Parramatta Road – 934sqm*

•8 Tideswell Street – 388sqm*

•Floor Space Ratio: 0.7:1 – 2:1

•12.5m – 15m height limit

•Benefits from both B6 Enterprise Corridor and R3 Medium Density Residential zoning, permitting residential units and medical facilities

•DA Approval for 41 serviced apartments

•Can be sold separately or in-one-line.

•Proximity to Ashfield Park, Summer Hill Train Station, Taverners Hill Light Rail Station, The Sydney Private Hospital, Royal Prince Alfred Hospital, and The University of Sydney

•Direct access to Sydney CBD via T1 train line (800m*) and major arterial Parramatta Road

124-126 Parramatta Road & 8 Tideswell Street, Ashfield will be sold via an Expressions of Interest campaign closing at 4pm on 2nd of March 2022.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

Inspections to be held by appointment as per COVID-19 Greater Sydney restriction requirements. Please enquire directly with the exclusive agents to arrange a private viewing.

*Approx.

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