398-414 Parramatta Road,
Petersham, NSW 2049

Shops & Retail • Medical & Consulting • Offices

Key property information

Land area

Floor area

Car spaces

Tenure type

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Map of 398-414 Parramatta Road

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Receivers & Managers Appointed. High Yielding Investment. 8 Strata lots to be sold in one line

Rare opportunity to acquire 8 strata shops with parking on the city fringe in a high profile location moments to fashionable Norton St
Current Gross Annual Return is $109,340pa + GST
Fully Let Basis approx. $150,000pa + GST
Shop sizes range from 64-92sqm.
Every lot comes with parking, kitchenette and some with Air conditioning
Potential to add value and sell down in the future
Huge opportunity to increase the rents and maximise return
Ideal investment with 8 separate tenancies which reduces investment risk
Affordable price range

Lot 1 (no. 398)
Lot 2 (no. 400)
Lot 3 (no. 402)
Lot 4 (no. 404)
Lot 5 (no. 406)
Lot 6 (no. 408)
Lot 8 (no. 412)
Lot 9 (no. 414)

Petersham, 2049 demographic data

The median household income for Petersham is $2,217, 7% higher than Greater Sydney's household income of $2,077. Petersham has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 58% of property owners in Petersham have a mortgage.

8,200

Population

$2,217 per week

Median household income

36 years

Median age

Renters

Most residents

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Most households