SOLD AT AUCTION - Entire Block of Thirteen (13) Units in Parramatta CBD

RWC Western Sydney is pleased to present 7-9 Morton Street, Parramatta for sale via Expressions of Interest.

Outstanding investment opportunity to acquire a newly constructed block of thirteen (13) units in one line completed in April 2020 with basement car parking for 18 vehicles.

Currently, the entire block is leased to NSW Land and Housing Corporation on a three (3) years lease term expiring on 30 April 2026 with a passing rental of $419,749.44* per annum.

Additional highlights of the property are outlined below:

• Entire block of thirteen (13) units
• Favourable unit mix of 9 x 2 bedroom and 4 x 1 bedroom units
• Strata approved but not registered for 13 lots
• Secure Government lease till 30 April 2026
• Site area 929m2*
• Efficient floorplan layout with balconies/ terraces
• Secure basement car parking for 18 vehicles
• Roof top terrace with Parramatta district views
• All 2-bedroom units with ensuites
• All units with split system air-conditioning
• Depreciation benefits
• Low maintenance complex
• Ideal opportunity to capitalise on the current housing shortage and migration boom
• 650m* to Tramway Avenue Light Rail Stop
• Moments to Parramatta River foreshore & Parramatta CBD

The property will be offered for sale via Expressions of Interest, closing Tuesday 23 April 2024 at 3pm.

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

*Approximately

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.