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153-165 Parramatta Road
North Strathfield NSW 2137
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Sold on 11 Mar 2024

153-165 Parramatta Road North Strathfield NSW 2137

  • Factory, Warehouse & Industrial
  • 4,216 m²
  • Sold

Iconic Blue Chip Investment with Future Upside

  • Blue Chip Investment Returning $1.1m p.a
  • Brand-new 10yr Lease plus 7yr Option
  • Site Area of 5,960sqm*

RWC Western Sydney is pleased to present 153-165 Parramatta Road, North Strathfield ('the Property') for sale via Expressions of Interest.

An iconic showroom situated on a substantial 5,960sqm* landholding with a brand-new lease to Hyundai Motor Group.

The Property presents a unique and rare opportunity to acquire one of Sydney's highest exposure assets along the regentrifying Parramatta Road corridor. Sitting on an island site, the Property boasts over 300 metres* of street frontages with access off both Concord Road as well as Parramatta Road.

Forming a part of The Parramatta Road Urban Transformation Strategy, the Property also benefits from substantial future redevelopment upside.

Additional Highlights of the Property:
• Lease to multinational blue-chip tenant - Hyundai Motor Group
• Secure 10-year lease plus 7-year option until 2041
• Annual net income of $1,100,000 plus GST
• Fixed 5% annual increases to future proof your investment
• Substantial site area of 5,960 sqm*
• Existing lettable area of 4,216 sqm*
• Existing improvements include showroom, offices, workshop, storage, restaurant/café as well as amenities
• Ample onsite parking
• Highly desirable business destination with unparalleled exposure
• Three street frontages with direct access to Concord Road and Parramatta Road
• Incredibly flexible Zoning E3 Productivity Support - allows for residential, retail & commercial uses
• Long term potential to value-add, reposition or redevelop
• Attractive net lease with tenant responsible for all outgoings

The property will be offered for sale via Expressions of Interest, closing Wednesday 28 February 2024 at 3:00pm.

For more information, please contact the exclusive agents.

*Approx.

RWC Western Sydney
RWC Western Sydney
Level 1, 15-17 Argyle Street,
Parramatta, NSW 2150

Property Highlights

Date Sold11 Mar 2024
Floor Area4,216 m²
Land Area5,960 m²
ParkingAsk Agent
Property ID2019012978
Category
Last updated  12 Mar 2024
Map for 153-165 Parramatta Road North Strathfield NSW 2137

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RWC Western Sydney
RWC Western Sydney
Level 1, 15-17 Argyle Street,
Parramatta, NSW 2150

Property Highlights

Date Sold11 Mar 2024
Floor Area4,216 m²
Land Area5,960 m²
ParkingAsk Agent
Property ID2019012978
Category
Last updated  12 Mar 2024

Co-Agents

Peter Vines
RWC Western Sydney
Call
0449 857 100
Victor Sheu
RWC Western Sydney
Call
0412 301 582
Vee Li
RWC Western Sydney
Call
0416 825 333

More about 153-165 Parramatta Road North Strathfield NSW 2137

153-165 Parramatta Road North Strathfield NSW 2137 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 4,216 m² and a land area of 5,960 m². The listing ID for this property is 2019012978.

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