John Hill & Co, in conjunction with Khoury & Partners, are delighted to offer to the market 146-164 Parramatta Road, 2-4 Cheltenham Road & 7 Royce Avenue, Croydon.
Strategically positioned within the Parramatta Road Urban Renewal Kings Bay Growth Precinct, only 543m approx. from the Burwood Metro station and directly across from Croydon Office Works, McDonald's, KFC and Shell Service Station.
Key property attributes include:
- Prime Inner West freehold
- Individually titled
- Land area 3,321 sqm
- Building area 2,400 sqm
- Abundance of customer/staff car parking at rear
- Three prominent street frontages with a high volume of cars passing daily
- Two easily accessible loading docs
- Majority of the asset is leased to national retailers - Fantastic Furniture, TLE and Telstra.
- Four tenants in total providing diversified income streams
- Rental reversion potential with demolition clauses in all leases
- Suitable as a lease investment, redevelopment, or owner occupier
- Further potential to amalgamate adjoining properties
- Part of Parramatta Road Urban Renewal Kings Bay Growth Precinct which includes proposed planning controls uplift
Being sold via Expressions of Interest