Colliers are privileged to present for sale Lots 1 & 2, 29 Grose Street, Parramatta. A solid medical & commercial investment in a modern three-storey commercial office building comprising of ground floor specialist radiology clinic and five first floor offices within Australia's fastest growing CBD.
The property is strategically located only 200m* to Fennell Street light rail station within walking distance to Church Street dining precinct, Westmead Hospital, CommBank Stadium and Parramatta railway station in a highly desirable Parramatta CBD location.
Investment highlights:
• Solid medical & commercial investment in boutique Parramatta CBD office building
• Majority leased with six diverse & secure income streams including specialist radiology clinic and five first floor office tenancies with exclusive rooftop access
• Strong value-add upside to reposition and increase income in Sydney's fastest growing region
• Future redevelopment upside^ through site amalgamation offering sweeping CBD views
• Highly successful radiology practice since 1974! New 5-year lease from March 2023 with options to 2033.
• Building Area: 934m²* (majority strata entitlement) plus 11 basement parking spaces
• Estimate fully leased income - $458,548.94 per annum + GST*
• Strategic Parramatta CBD location within walking proximity to key amenities and infrastructure.
Lots 1 & 2, 29 Grose Street, Parramatta will be for sale via International Expressions of Interest closing 25th July 2024 at 3:00PM (AEST).
For more information or to arrange an inspection, please contact the exclusive selling agents today.
*Approx.
^Subject to council approval
