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Lots 1 & 2, 29 Grose Street
Parramatta NSW 2150
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Sold on 16 Aug 2024

Lots 1 & 2, 29 Grose Street Parramatta NSW 2150

  • Offices
  • 934 m²
  • Sold

Solid Parramatta CBD Investment with Huge Upside

  • Successful radiology clinic since 1974
  • Parramatta CBD investment
  • Building area: 934m²*

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

EXPRESSION OF INTEREST

Closing date and time25/07/2024 15:00
Recipient nameAsk Agent
Delivery addressvia email
Colliers International Sydney West
Colliers International Sydney West
Level 50, Tower 8, 10 Darcy Street
Parramatta, NSW 2150

Property Highlights

Date Sold16 Aug 2024
Floor Area934 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2019327689
Category
Last updated  24 Sep 2024
Map for Lots 1 & 2, 29 Grose Street Parramatta NSW 2150

Nearest transport* to Lots 1 & 2, 29 Grose Street Parramatta NSW 2150

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Colliers International Sydney West
Colliers International Sydney West
Level 50, Tower 8, 10 Darcy Street
Parramatta, NSW 2150

Property Highlights

Date Sold16 Aug 2024
Floor Area934 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2019327689
Category
Last updated  24 Sep 2024

Co-Agents

John McCann
John McCann
Colliers International Sydney West
Call
0418 230 792
Andrew Bui
Colliers International Sydney West
Call
0451 028 428

More about Lots 1 & 2, 29 Grose Street Parramatta NSW 2150

Lots 1 & 2, 29 Grose Street Parramatta NSW 2150 is categorized as Office. It has a floor area of 934 m². The listing ID for this property is 2019327689.

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