DECEASED ESTATE - Entire Complex to be Sold In One Line

Ray White Commercial NSW is pleased to present 54-56 Albert Street, North Parramatta (also known as 27-29 Isabella Street) for sale via Expressions of Interest.

Tightly held within one family for over 2 decades, entire complex consisting of 23 dwellings. Comprising of 19 residential apartments all configured into two and three bedrooms, 2 x townhouses, 1 x villa and 1 retained heritage cottage.

Positioned on an impressive site area of 3,013m2* with two (2) streets frontage to Albert & Isabella Streets. This fully leased single title block offers the security of a strong income, underpinned by Parramatta's population growth. Includes future upside through refurbishment, potential strata subdivision or redevelopment^.

Additional highlights of the property are outlined below:

• Impressive site area 3,013m2*
• Two (2) streets frontage via Albert & Isabella Streets
• Configured into 19 residential apartments (16 x 2 bedrooms & 3 x three bedrooms)
• 2 x two level townhouses
• 1 x two bedroom villa
• 1 x retained heritage cottage
• Car parking allocations for all units
• Fully leased with passing income of $508,560* per annum
• 500m* to proposed Fennell Street light rail station
• Walking proximity to the thriving Parramatta CBD
• Once in a generation offering

The property will be offered for sale via Expressions of Interest, closing Thursday 5 May 2022 at 3pm

For more information, please contact the below exclusive selling agents.

*Approx. ^S.T.C.A

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