CBRE & Ray White Commercial City Fringe, as exclusive selling agents, are delighted to present For Sale via International Expressions of Interest, 60-70 Parramatta Road, Summer Hill; A once-in-a-lifetime opportunity to acquire one of the last remaining three (3) level commercial freehold asset with ample on-site parking in the heart of Sydney's inner west. Walking distance to Taverners Hill Light Railway Station.
Representing an outstanding opportunity for astute investors, occupiers as well as developers. Commanding a prominent location in the heart of Summer Hill with an extensive frontage to Parramatta Road, this commercial building which was built in the 1980's with on-site car parking for circa 50 cars* will be one of the most sought after in 2024.
Location: Located on the Southern side of Parramatta Road with direct access to all main arterial roads, Hume Highway, New Canterbury Road, City West Link and minutes from the M4 Motorway.
Summer Hill is a major inner west growth suburb within Metropolitan Sydney. 11.5 kms* west of Sydney CBD. Close vicinity to all essential amenity. Arguably the busiest commercial enterprise hub in the Sydney Metropolitan region which accommodates national and international brand heavy weights including: Costco, Harvey Norman, Woolworths, Bunnings Warehouse etc. Close proximity to Sydney uni, RPA hospital, medical/education hub. Walking distance to both Train Station and Light rail Station.
The property will attract several buyers because of its many key attributes, including:
Net passing income: $829,999*
Potential net market income: $1,095,710*
Building Area: 2,765sqm*
Site area: 3,907sqm*
Zoned: E3: Productivity Support
70.5m* frontage
Floor Space Ratio 2:1
Height of Building 15 metres
High clearance warehousing
Nabers energy rating
Versatile and functional floor plan layout providing natural light throughout
The efficient floor design and side core layout ensures that the building is suitable for whole floor occupation, yet is adaptable for multiple tenancies.
Serviced lift
The building itself has been extensively refurbished providing a high-quality work environment for the next generation of office users.
Full staff amenities
Development upside
Three (3) secure tenants including: Australian's largest childcare group: Montessori Academy - Montessori Academy runs over 54 centres throughout Australia.
Nexon Asia Pacific Founded in 2000, a leading cloud, IT, security service provider
Australian Montessori College
60-70 Parramatta Rd, Summer Hill will be sold via International Expressions of Interest closing at 2:00pm, Tuesday 1st October 2024.
For additional information or to request access to the due diligence room, please contact the exclusive selling agents:
CBRE
Robert Dowdy: 0499 007 000
Nick Zenonos: 0438 112 626
Ray White Commercial
Kristian Morris: 0411 415 297
*Approx.
