Back to previous step
Close
IB Property is pleased to present 450 Parramatta Road, Petersham — a rare corner freehold offering outstanding development potential and previous use rights as the renowned Clarence Hotel.
Set on a 487sqm* landholding and fully renovated throughout, the property boasts a total net saleable area of 721sqm*, Zoned E1 Local Centre with an FSR of 1.5:1 and a height limit of 14 metres, the site is primed for a variety of future uses including residential, co-living, student accommodation, commercial, or hotel (STCA).
Importantly, the property sits within a precinct flagged under Inner West Council’s broader push for increased housing density, supported by recent Transit-Oriented Development (TOD) planning proposals. The corner of Crystal Street and Parramatta Road — where this property sits — has been specifically referenced in media reports as a potential focus area for future uplift.
450 Parramatta Road presents an exceptional opportunity for developers, investors, or owner-occupiers to secure a versatile, high-profile asset with significant future upside in one of Sydney’s most vibrant inner-west locations.
Key Selling Highlights:
- Valuable development upside, renovated.
- Building area: Basement 98sqm, Ground floor: 435sqm, level 1: 188sqm = TOTAL 721sqm
- Net saleable area 721sqm*
- Land area 487sqm*
- Favourable zoning – E1 Local Centre, FSR 1.5:1, Height 14m
- Convenient location – I.e close to retail strip/village, train stations, bus services to CBD, restaurants, cafes, amenities and any other major infrastructure
For more information, please contact the exclusive selling agents.
Remember to mention you found this property on DevelopmentReady
IB Property is pleased to present 450 Parramatta Road, Petersham — a rare corner freehold offering outstanding development potential and previous use rights as the renowned Clarence Hotel.
Set on a 487sqm* landholding and fully renovated throughout, the property boasts a total net saleable area of 721sqm*, Zoned E1 Local Centre with an FSR of 1.5:1 and a height limit of 14 metres, the site is primed for a variety of future uses including residential, co-living, student accommodation, commercial, or hotel (STCA).
Importantly, the property sits within a precinct flagged under Inner West Council’s broader push for increased housing density, supported by recent Transit-Oriented Development (TOD) planning proposals. The corner of Crystal Street and Parramatta Road — where this property sits — has been specifically referenced in media reports as a potential focus area for future uplift.
450 Parramatta Road presents an exceptional opportunity for developers, investors, or owner-occupiers to secure a versatile, high-profile asset with significant future upside in one of Sydney’s most vibrant inner-west locations.
Key Selling Highlights:
- Valuable development upside, renovated.
- Building area: Basement 98sqm, Ground floor: 435sqm, level 1: 188sqm = TOTAL 721sqm
- Net saleable area 721sqm*
- Land area 487sqm*
- Favourable zoning – E1 Local Centre, FSR 1.5:1, Height 14m
- Convenient location – I.e close to retail strip/village, train stations, bus services to CBD, restaurants, cafes, amenities and any other major infrastructure
For more information, please contact the exclusive selling agents.
Remember to mention you found this property on DevelopmentReady
