58 Railway Parade,
Burwood, NSW 2134
Offices • Shops & Retail
Key property information
Floor area
Car spaces
Parking info
Zoning
Tenure type
Sold on
Map of 58 Railway Parade
Securely Leased Office Investment with Significant Residential Development Upside
Strong mixed use location close to Railway Station and major retail centres
INVESTMENT
• Two freestanding seven level office buildings with NLA of 16,126 sqm
• Net income: $6,530,000 pa* (approx.)
• 99.6%* Occupancy and 3.2 year WALE* (by income) with staggered lease expiry
• Superior cash flow with 76.5% (by income) leased to Government and ASX listed tenants including NSW State Government, Commonwealth Government and Telstra
• Large, easily dividable floor plates of up to 1,280 sqm
• Strong natural light penetration
DEVELOPMENT UPSIDE
• B4 Mixed Use Zoning
• 60m height limit
• 6,642 sqm site
• FSR 4.5:1 (Max Resi FSR 3.0:1)
• Surplus developable area of 12,000 sqm (approx.)
• Concept plan for up to 180 apartments with ground floor retail (Subject to Council Approval)
*as at 30 April 2014
For Sale by Expressions of Interest closing 6 June at 4pm (AEST)
INVESTMENT
• Two freestanding seven level office buildings with NLA of 16,126 sqm
• Net income: $6,530,000 pa* (approx.)
• 99.6%* Occupancy and 3.2 year WALE* (by income) with staggered lease expiry
• Superior cash flow with 76.5% (by income) leased to Government and ASX listed tenants including NSW State Government, Commonwealth Government and Telstra
• Large, easily dividable floor plates of up to 1,280 sqm
• Strong natural light penetration
DEVELOPMENT UPSIDE
• B4 Mixed Use Zoning
• 60m height limit
• 6,642 sqm site
• FSR 4.5:1 (Max Resi FSR 3.0:1)
• Surplus developable area of 12,000 sqm (approx.)
• Concept plan for up to 180 apartments with ground floor retail (Subject to Council Approval)
*as at 30 April 2014
For Sale by Expressions of Interest closing 6 June at 4pm (AEST)
Burwood, 2134 demographic data
The median household income for Burwood is $1,671, 20% lower than Greater Sydney's household income of $2,077. Burwood has a younger age profile compared to the rest of Greater Sydney (median age 32 vs 37). Property ownership data shows 43% of property owners in Burwood have a mortgage.
18,224
Population
$1,671 per week
Median household income
32 years
Median age
Renters
Most residents
Families
Most households
58 Railway Parade
Burwood, NSW 2134
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