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SOLD
89 Parramatta Road, CAMPERDOWN, NSW 2050
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Virtual Tour
Video

Property Highlights

Development Opportunity - Holding Income
  • Development Opportunity
  • Permissible GFA: 882 sqm (STCA)**
  • Holding Income

Ray White Commercial Sydney City Fringe is pleased to offer for sale by way of auction 89 Parramatta Rd, Camperdown.

Located within a 9 minute walk to Royal Prince Alfred Hospital, 10 minute to The University of Sydney and positioned within Sydney City Council. Only minutes to the vibrant streets of Newtown and Broadway Shopping Centre with rapid City transport at the doorstep.

Key Highlights Include:

• Zoned B4 Mixed-use, suitable for a variety of users (STCA)**

• Site area 294sqm with a permissible GFA: 882sqm (STCA)**

• Adjacent to a recently developed six-storey building

• Existing building area 404sqm over two levels - Residential, Small Warehouse and a Small Commercial Restaurant

• External 58sqm carport accommodating three cars

• Income producing from residential and commercial tenants with all leases expiring by January 2023

• Ground Floor takeaway restaurant could be leased to increase holding income

• Great location, well serviced by public transport and a gateway to the Sydney City Fringe

• Current holding income: $71,240 per annum*

• Offered to the market first time in 30 years.

Please click on the links below to access the video and virtual tour of the property:

Video: https://f.io/7lhcoWpQ

Virtual Tour: https://openhouse.littlehinges.com.au/v2/89_Parramatta_Road_Camperdown

This opportunity is offered for sale via Public Auction on Tuesday 21st June 2022, commencing 10.30am.

To discuss the property in further detail, please contact the listed agent below:

Dean Haustead

Sales & Leasing

Ray White Commercial NSW - Sydney City Fringe

0416 287 557

02 9660 1717

[email protected]

* Approx.

** Subject to council approval

Remember to mention you found this property on DevelopmentReady

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