320 Church Street Parramatta, NSW 2150

Sold
Bldg1075m²

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Property Description

Sold Prior To Auction - Iconic High Profile Parramatta CBD Investment

Laing + Simmons Parramatta Commercial is pleased to present 320 Church Street, Parramatta to the market.

This fully leased asset presents an increasingly rare opportunity to secure a large scale, mixed-use development site in an iconic high-profile Parramatta CBD location. The substantial freehold single land holding is anchored by experienced and established tenancies in the Australian hospitality sector. With a total site area of 1075sqm the property features rear lane access with on-site parking. This high yielding asset presents a significant long term land banking opportunity with projected future upside.

Property highlights:
-Total site area: 1075sqm
-Frontage: 21.33m
-FSR: 10:1
-Zoning: MU1 Mixed Use (formerly B4 Mixed Use)
-Gross passing income: $530,000 approx.
-Fully leased to two (2) established & experienced tenants: Bondi Pizza & Neyvine Seafood Grill
-Alfresco dining and rear lane access with approx. nine (9) on-site car spaces
-Iconic high-exposure Church Street location

The property is offered for sale by way of Auction on Wednesday, 27th September 2023 at 10:30am.

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Suburb Profile

Parramatta
Showcasing a prominent local presence in Parramatta and a team illustrating rich and accumulative experience, Laing+Simmons offers an unrivalled calibre of personal attention. Established with a focus on delivering a personal and customised service, our commitment to honesty, integrity and professionalism is reflected in our strong sales history and industry reputation in Parramatta and surrounding suburbs.
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