Marsden Street, Parramatta_Property for Sale

Parramatta, NSW, AU, APAC

Marsden Street, Parramatta

Asset Description

JLL and Colliers are pleased to present to the market Parramatta’s premier gateway development site, Marsden Street, Parramatta for sale via an International Expressions of Interest Campaign closing Thursday, 21 March 2024 at 3:00pm.

Rarely do opportunities within Parramatta CBD which provide a desirable project size and scale become available. Marsden Street boasts a prominent corner position that will benefit from outstanding city views upon completion and is ideally situated in a key location within walking distance to the CBD, rail lines and adjacent to Westfield Parramatta.

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Attributes

Year built

1982

Building area gross

102 m²

Land area gross

2,375 m²

Media

Investment Highlights

Development Highlights:

Large 2,375sqm* corner site
Elevated positioning with the opportunity to harness vast district and city view corridors
Versatile MU1 Mixed Use Zoning
Council endorsed and accepted reference design for the design excellence process under the Parramatta LEP 2023 providing a 12:1 FSR and 211 metre height limit
Additional bonus of 3.45:1 FSR via the Housing SEPP 2021 (Amendment 2023)
Maximum permissible GFA of 36,693 sqm* (includes all bonuses - STCA & STGA)
Estimated gross passing income c. $1,000,000 p.a
550m* to Parramatta Train Station
Adjacent to major shopping centre Westfield Parramatta
Surrounded by an array of crucial amenity; the recently completed commercial hub Parramatta Square, Western Sydney University campuses and the world class Westmead Health precinct
Extensive public and private infrastructure investments currently underway and in the pipeline including the highly anticipated Sydney Metro West, Parramatta Light Rail and Powerhouse Museum which will transform and future proof Parramatta

* Approximate

The Call Option of Marsden Street is being offered for sale by way of Expressions of Interest. EOI’s must be submitted no later Thursday, 21 March 2024 at 3:00pm.

All enquiries, information requests, inspection arrangements and lodgement of offers are to be directed to the exclusive selling agents.