7-9 Morton Street,
Parramatta, NSW 2150
Other • Hotel, Motel & Leisure • Offices
Price information
Sold
$7,502,000
Key property information
Land area
Floor area
Car spaces
Zoning
Tenure type
Sold on
RWC - Western Sydney
15-17 Argyle StreetPARRAMATTA, NSW 2150
7-9 Morton Street
Parramatta, NSW 2150
Map of 7-9 Morton Street
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
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
Additional information
External websites
Property ID: 504550932Last Updated: 2 May 2024
RWC - Western Sydney 15-17 Argyle Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
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