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7-9 Morton Street
Parramatta NSW 2150
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Sold on 2 May 2024

7-9 Morton Street Parramatta NSW 2150

  • Other
  • 1,530 m²
  • Sold, $7,502,000

SOLD AT AUCTION - Entire Block of Thirteen (13) Units in Parramatta CBD

  • Entire Block of 13 Units
  • Secure government lease to 2026
  • Strata approved but not registered

RWC Western Sydney is pleased to present 7-9 Morton Street, Parramatta for sale via Expressions of Interest.

Outstanding investment opportunity to acquire a newly constructed block of thirteen (13) units in one line completed in April 2020 with basement car parking for 18 vehicles.

Currently, the entire block is leased to NSW Land and Housing Corporation on a three (3) years lease term expiring on 30 April 2026 with a passing rental of $419,749.44* per annum.

Additional highlights of the property are outlined below:

• Entire block of thirteen (13) units
• Favourable unit mix of 9 x 2 bedroom and 4 x 1 bedroom units
• Strata approved but not registered for 13 lots
• Secure Government lease till 30 April 2026
• Site area 929m2*
• Efficient floorplan layout with balconies/ terraces
• Secure basement car parking for 18 vehicles
• Roof top terrace with Parramatta district views
• All 2-bedroom units with ensuites
• All units with split system air-conditioning
• Depreciation benefits
• Low maintenance complex
• Ideal opportunity to capitalise on the current housing shortage and migration boom
• 650m* to Tramway Avenue Light Rail Stop
• Moments to Parramatta River foreshore & Parramatta CBD

The property will be offered for sale via Expressions of Interest, closing Tuesday 23 April 2024 at 3pm.

For more information, please contact the below exclusive selling agents.

*Approximately

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

Property Highlights

Date Sold2 May 2024
Sold Price$7,502,000
Floor Area1,530 m²
Land Area929 m²
Energy0-star NABERS Energy rating
Parking18 x Onsite parkings
Property ID2019138093
Category
Last updated  2 May 2024
Map for 7-9 Morton Street Parramatta NSW 2150

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

Property Highlights

Date Sold2 May 2024
Sold Price$7,502,000
Floor Area1,530 m²
Land Area929 m²
Energy0-star NABERS Energy rating
Parking18 x Onsite parkings
Property ID2019138093
Category
Last updated  2 May 2024

Co-Agents

Andrew Sacco
RWC Western Sydney
Call
0452234653

More about 7-9 Morton Street Parramatta NSW 2150

7-9 Morton Street Parramatta NSW 2150 is categorized as Other Property. It has a floor area of 1,530 m² and a land area of 929 m². There are 18 x onsite parkings.The listing ID for this property is 2019138093.

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