709-711 Parramatta Road, Leichhardt, NSW 2040

Industrial | Development/Land | Other

For Sale Contact Agent

  • Property ID: 401982
  • Floor Area: 500m²
  • Land Area: 683m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
ATTRACTIVE FREESTANDING WAREHOUSE WITH DEVELOPMENT UPSIDE!

CBRE as exclusive selling agents, on behalf of our valued client are pleased to present, 709-711 Parramatta Road, Leichhardt.
Commanding a generous 500sqm* building area on a 683sqm* parcel of land, the property is well connected being situated within 40* of Taverners Hill Light Rail Station on the Inner West Light Rail Line, and just 170m* of bus services on either side of Parramatta Road providing access to Sydney CBD (8.9km*).
Due to the tightly held Leichhardt market, the internal clearance of up to 8m, on-site parking and DA approval for refurbishment and alterations with the addition of a mezzanine level. This makes this property very attractive to owner occupiers, investors & developers!
709-711 Parramatta Road, Leichhardt benefits from the following key property features:
-683 sqm* site area
-500sqm* building area
-Access via one (1) roller shutter door
-High clearance warehouse space which allows for racking throughout.
-Clear span warehouse
-Zoning: IN2: Light Industrial
-Well-presented office accommodation
-Ground floor showroom/reception area
-Car-parking available on-site
-Container access
-3 phase power
-Fully fenced
-DA Approval for refurbishment, alterations and additions
-Move straight in!
709-711 Parramatta Road Leichhardt is within the Parramatta Road Corridor Urban Transformation Strategy (PRCUTS) 2016 presenting altered planning controls including rezoning to B4 Mixed Use, 21m (6 storey) building limit and a 2.4:1 Floor Space Ratio equating to a potential Gross Floor Area of 1,639.2sqm*. The site has been identified during the preparation of the corridor strategy for a landmark building with greater development potential for 20+ storeys and amalgamation of adjoining properties. There is the likelihood to pursue the development potential of the property further with planning authorities as the PRCUTS is implemented. This urban transformation strategy details the corridor as having the potential to create a balanced, high quality and multi-use corridor with improved amenity, greater transport choices, job opportunities and an increased quantity and diversity of housing. This is highlighted in the proposal of 27,000 new dwellings and the delivery of 50,000 new employment opportunities.
709-711 Parramatta Rd, Leichhardt will be sold via on-site auction at 3:00pm, Thursday 25th of November, 2021.
For more information or to request access to the due diligence room, please contact the exclusive selling agents

Leichhardt Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4054 $279 6.88%
Retail $6307 $456 7.22%
Offices $6241 $511 8.19%
This is the average advertised price, rent and yield for Leichhardt, NSW 2040*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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