Iconic Blue Chip Investment with Future Upside

RWC Western Sydney is pleased to present 153-165 Parramatta Road, North Strathfield ('the Property') for sale via Expressions of Interest.

An iconic showroom situated on a substantial 5,960sqm* landholding with a brand-new lease to Hyundai Motor Group.

The Property presents a unique and rare opportunity to acquire one of Sydney's highest exposure assets along the regentrifying Parramatta Road corridor. Sitting on an island site, the Property boasts over 300 metres* of street frontages with access off both Concord Road as well as Parramatta Road.

Forming a part of The Parramatta Road Urban Transformation Strategy, the Property also benefits from substantial future redevelopment upside.

Additional Highlights of the Property:
• Lease to multinational blue-chip tenant - Hyundai Motor Group
• Secure 10-year lease plus 7-year option until 2041
• Annual net income of $1,100,000 plus GST
• Fixed 5% annual increases to future proof your investment
• Substantial site area of 5,960 sqm*
• Existing lettable area of 4,216 sqm*
• Existing improvements include showroom, offices, workshop, storage, restaurant/café as well as amenities
• Ample onsite parking
• Highly desirable business destination with unparalleled exposure
• Three street frontages with direct access to Concord Road and Parramatta Road
• Incredibly flexible Zoning E3 Productivity Support - allows for residential, retail & commercial uses
• Long term potential to value-add, reposition or redevelop
• Attractive net lease with tenant responsible for all outgoings

The property will be offered for sale via Expressions of Interest, closing Wednesday 28 February 2024 at 3:00pm.

For more information, please contact the exclusive agents.

*Approx.

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