Receivers & Managers Appointed - Entire complex of 22 Dwellings

On behalf of KordaMentha (Receivers and Managers Appointed) and RWC Western Sydney, are pleased to present Lots 1-22/ 26 Marion Street Parramatta for sale with guiding price of $8,500,000.00.

The property comprises of a nine (9) storey residential development containing 21 residential apartments completed in early 2020, and a retained cottage fronting Marion Street currently utilised for commercial purposes.

Strategically located in the thriving Parramatta CBD, ideal for investors looking for a diverse income stream or strata sell down groups. To be offered in one line, property is already strata registered.

Additional highlights of the property are outlined below:

• Apartment mix comprises of 18 x 1 bedroom and 3 x 1 bedroom + study
• To be offered in one line
• Strata registered for 22 lots
• Current passing income of $494,026* per annum
• Potential market rental of $676,200* per annum
• Ideal opportunity to capitalise on the current housing shortage & rising rental market
• High end finishes throughout with tiled living areas
• All units with balconies, dishwashers & split system air-conditioning
• 250* metres to Harris Park Railway Station
• 650* metres to Parramatta Railway Station

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

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