55-59 Parramatta Road,
Lidcombe, NSW 2141
Shops & Retail • Showrooms & Large Format Retail • Offices
Key property information
Floor area
Tenure type
Sold on
RWC - Western Sydney
15-17 Argyle StreetPARRAMATTA, NSW 2150
55-59 Parramatta Road
Lidcombe, NSW 2141
Map of 55-59 Parramatta Road
Iconic High Profile Investment
- Site Area of 2,004m2*
- Total NLA of 2,595m2*
- 100% Occupied with diverse tenant mix
Ray White Commercial is pleased to present 55-59 Parramatta Road, Lidcombe for sale via Expressions of Interest.
This fully-leased asset represents a highly sought after opportunity to acquire a secure investment with projected future upside located in the epicentre Parramatta road bulky goods retail corridor neighbouring major destination retailers including but not limited to Costco, Bunnings, The Red Yard and many more.
This high profile freehold building is anchored by a blue chip multinational tenant, Adidas, the building is further occupied by a balanced tenant mix offering multiple income streams.
Additional highlights of the property are outlined below:
* Total site area of 2,004m2*
* Net lettable area of 2,595m2*
* Net passing income of $693,338* with potential to increase
* 100% occupied with diverse tenant mix
* Three street frontages including rear lane access
* Potential to value-add, reposition or redevelop with bonus FSR available for specific developments (STCA)
* High exposure corner position on Parramatta road which accommodates over 3 million commuters every year
* Recently installed solar panels
* Identified as a major employment hub in the Parramatta Road Urban Transformation Program
* Targeted growth area for programs such as GPOP and Pinch Point, totalling $10 billion of investment.
The property is offered for sale by Expressions of Interest closing on Wednesday, 17 March 2021 at 3pm.
*Approx.
This fully-leased asset represents a highly sought after opportunity to acquire a secure investment with projected future upside located in the epicentre Parramatta road bulky goods retail corridor neighbouring major destination retailers including but not limited to Costco, Bunnings, The Red Yard and many more.
This high profile freehold building is anchored by a blue chip multinational tenant, Adidas, the building is further occupied by a balanced tenant mix offering multiple income streams.
Additional highlights of the property are outlined below:
* Total site area of 2,004m2*
* Net lettable area of 2,595m2*
* Net passing income of $693,338* with potential to increase
* 100% occupied with diverse tenant mix
* Three street frontages including rear lane access
* Potential to value-add, reposition or redevelop with bonus FSR available for specific developments (STCA)
* High exposure corner position on Parramatta road which accommodates over 3 million commuters every year
* Recently installed solar panels
* Identified as a major employment hub in the Parramatta Road Urban Transformation Program
* Targeted growth area for programs such as GPOP and Pinch Point, totalling $10 billion of investment.
The property is offered for sale by Expressions of Interest closing on Wednesday, 17 March 2021 at 3pm.
*Approx.
Lidcombe, 2141 demographic data
The median household income for Lidcombe is $1,888, 9% lower than Greater Sydney's household income of $2,077. Lidcombe has a younger age profile compared to the rest of Greater Sydney (median age 33 vs 37). Property ownership data shows 59% of property owners in Lidcombe have a mortgage.
23,663
Population
$1,888 per week
Median household income
33 years
Median age
Owners
Most residents
Families
Most households
RWC - Western Sydney 15-17 Argyle Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
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