2-4 Palmer Street Parramatta, NSW 2150

Ray White Commercial - Metropolitan Sydney in conjunction with Khoury & Partners is pleased to present 2-4 Palmer Street, Parramatta for sale via Auction.

This property represents a unique opportunity to acquire a freestanding commercial investment with significant development upside.

Strategically located within the heart of Sydney's fastest growing CBD of Parramatta, this perfectly positioned corner block encompasses a fully leased commercial building possessing a total site area of 600sqm* with future development potential^.

Additional highlights of the property include:

• Fully leased freehold building presenting an opportunity to invest or occupy in the future
• Currently a two-storey showroom/gallery building with parking
• Current passing income $247,010.94* +GST with significant rental upside
• Located in the heart of Parramatta moments from all amenities
• Future development potential^
• Site area 600sqm*
• Net lettable area of 685sqm*
• Zoned B4: Mixed Use
• Current FSR 4.1 & Height 24m
• Proposed FRS 6.1** & 80m**

The property will be offered for Auction, on Thursday 16 July 2020 at 10.30am. The Auction will be held at Cooleys CBD, Dexus Place, Level 5, 1 Margaret Street, Sydney

For more information, please contact the below selling agents.

Jeff Moxham
Principal
Ray White Commercial - Metropolitan Sydney
0413 838 339
jmoxham@raywhite.com

Samuel Hagelias
Director
Ray White Commercial - Metropolitan Sydney
0403 254 675
shadgelias@raywhite.com

Anthony Khoury
Managing Director
Khoury & Partners
0418 224 600
anthony@khoury.com.au

Jon Race
Commercial Sales and Leasing
Khoury & Partners
0405 500 333
jon@khoury.com.au

*Approx.
** Parramatta CBD Planning Proposal
^ Subject to council approval