Investors offered the chance to take a bite out of Parramatta’s iconic Eat Street
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Sep 17, 2019
Investors offered the chance to take a bite out of Parramatta’s iconic Eat Street
Expressions of interest now being sought for the high-profile corner property at 302 Church Street.
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Supplied302 Church Street located in Parramatta's iconic Eat Street -
SuppliedInterior of 302 Church Street, Parramatta -
Supplied302 Church Street now for sale
Fully let to eight tenants over a total net lettable area of 1,001 square metres, 302 Church Street boasts three street frontages with extremely high exposure to Church Street and Phillip Street.
To be marketed and sold by Ray White Commercial NSW, the property sits prominently within Parramatta’s iconic Eat Street which has for years offered Sydneysiders a rich mix of dining, entertainment, retail, nightlife and leisure experiences.
According to Ray White Commercial NSW – Western Sydney Managing Director Peter Vines, the building offers investors the chance to corner Parramatta’s Eat Street market with its spectacular pedestrian frontages and high-profile location.
At a glance:
- Prominent corner property at 302 Church Street now for sale
- Fully let to eight tenants over a total net lettable area of 1,001 square metres, the property boasts three street frontages
- Sale represents opportunity to take advantage of Parramatta’s growth while being part of its iconic Eat Street
“This existing dynamism is firmly supported by Parramatta’s position as the sixth largest GDP of Australia, enjoying constant federal and state level investments, which will only enhance this location’s appeal,” Vines said.
“Opportunities like this are seldom offered to the market and it gives buyers the opportunity to be a part of Parramatta’s exciting new era.
“The current passing income of the eight tenants sits at $754,390 with potential to increase, with long-term tenants such as Coco Cubano occupying the space.
“This is simply one asset that buyers shouldn’t pass up on.”
Also working on the sales campaign at Ray White Commercial NSW is fellow Director Joseph Assaf and Associate Director Victor Sheu.
Mr Assaf said Parramatta was at the geographical centre of Sydney and was a focus for employment, housing, recreation and cultural opportunities, with its major revitalisation key.
“To fully realise its potential, Parramatta is backed by its governing authorities as well as institutional investors to stimulate significant job and dwelling growth, to increase its social and economic prosperity," Assaf said.
“Well underway are some of the nation’s largest commercial, residential and infrastructure developments all of which are set to redefine Parramatta’s CBD skyline on a scale not seen before and boasts an economy that turns over roughly $14BN annually.”
Expressions of interest for 302 Church Street close on Wednesday, October 9 at 30m (AEST).
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Important Information:
Contact details:
Peter Vines
Ray White Commercial
+61 449 857 100
Email
10410
7810
Peter Vines
