54-56 Albert Street,
North Parramatta, NSW 2151
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RWC - Western Sydney
15-17 Argyle StreetPARRAMATTA, NSW 2150
54-56 Albert Street
North Parramatta, NSW 2151
Map of 54-56 Albert Street
DECEASED ESTATE - Entire Complex to be Sold In One Line
- Site area 3,013m2*
- Two Streets Frontages
- Deceased Estate
Ray White Commercial NSW is pleased to present 54-56 Albert Street, North Parramatta (also known as 27-29 Isabella Street) for sale via Expressions of Interest.
Tightly held within one family for over 2 decades, entire complex consisting of 23 dwellings. Comprising of 19 residential apartments all configured into two and three bedrooms, 2 x townhouses, 1 x villa and 1 retained heritage cottage.
Positioned on an impressive site area of 3,013m2* with two (2) streets frontage to Albert & Isabella Streets. This fully leased single title block offers the security of a strong income, underpinned by Parramatta's population growth. Includes future upside through refurbishment, potential strata subdivision or redevelopment^.
Additional highlights of the property are outlined below:
• Impressive site area 3,013m2*
• Two (2) streets frontage via Albert & Isabella Streets
• Configured into 19 residential apartments (16 x 2 bedrooms & 3 x three bedrooms)
• 2 x two level townhouses
• 1 x two bedroom villa
• 1 x retained heritage cottage
• Car parking allocations for all units
• Fully leased with passing income of $508,560* per annum
• 500m* to proposed Fennell Street light rail station
• Walking proximity to the thriving Parramatta CBD
• Once in a generation offering
The property will be offered for sale via Expressions of Interest, closing Thursday 5 May 2022 at 3pm
For more information, please contact the below exclusive selling agents.
*Approx. ^S.T.C.A
Tightly held within one family for over 2 decades, entire complex consisting of 23 dwellings. Comprising of 19 residential apartments all configured into two and three bedrooms, 2 x townhouses, 1 x villa and 1 retained heritage cottage.
Positioned on an impressive site area of 3,013m2* with two (2) streets frontage to Albert & Isabella Streets. This fully leased single title block offers the security of a strong income, underpinned by Parramatta's population growth. Includes future upside through refurbishment, potential strata subdivision or redevelopment^.
Additional highlights of the property are outlined below:
• Impressive site area 3,013m2*
• Two (2) streets frontage via Albert & Isabella Streets
• Configured into 19 residential apartments (16 x 2 bedrooms & 3 x three bedrooms)
• 2 x two level townhouses
• 1 x two bedroom villa
• 1 x retained heritage cottage
• Car parking allocations for all units
• Fully leased with passing income of $508,560* per annum
• 500m* to proposed Fennell Street light rail station
• Walking proximity to the thriving Parramatta CBD
• Once in a generation offering
The property will be offered for sale via Expressions of Interest, closing Thursday 5 May 2022 at 3pm
For more information, please contact the below exclusive selling agents.
*Approx. ^S.T.C.A
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North Parramatta, 2151 demographic data
The median household income for North Parramatta is $1,703, 18% lower than Greater Sydney's household income of $2,077. North Parramatta has an older age profile compared to the rest of Greater Sydney (median age 38 vs 37). Property ownership data shows 56% of property owners in North Parramatta have a mortgage.
12,064
Population
$1,703 per week
Median household income
38 years
Median age
Renters
Most residents
Families
Most households
RWC - Western Sydney 15-17 Argyle Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
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