Sold
20-24 Wentworth Street,
Parramatta 2150, New South Wales
Price withheld
Property details
-
Agents
Parramatta's Best Value Office Space | For Sale: $8,800,000
RWC Western Sydney is pleased to present 20-24 Wentworth Street, Parramatta, for sale via Expressions of Interest - A rare opportunity to secure majority ownership in a prominent Parramatta CBD office building.
The offering comprises 13 commercial strata lots within Gough Whitlam Plaza, representing a 70%* interest in the building. The asset provides immediate income underpinned by a diverse tenancy mix, with leasing upside and clear value-add potential through refurbishment and repositioning, together with flexibility for partial owner-occupation.
Located in the heart of Parramatta CBD, the property enjoys excellent connectivity to major transport links, including the recently opened Parramatta Light Rail and the future Sydney Metro West, as well as close proximity to Parramatta Square, Westfield and surrounding civic and cultural amenities. Backed by more than $20 billion in investment, Parramatta has cemented its role as Sydney's second CBD, with demand for quality office space continuing to outstrip supply.
Additional highlights of the property are outlined below:
• 13 commercial strata lots offered in one line providing a combined area of 2,288.50* sqm
• Current total net effective income of $213,809.11* p.a with potential to increase to $878,395.61* p.a once fully occupied
• Represents 70% Ownership within Gough Whitlam Plaza
• Immediate income with leasing upside
• Diverse tenancy mix
• Refurbishment and repositioning potential (STCA)
• Prominent seven-storey Parramatta CBD building with basement parking
• Car parking for 19 vehicles
• Flexibility for partial owner-occupation
• Excellent connectivity including Parramatta Light Rail and future Sydney Metro West
• Walking distance to Parramatta Square, Westfield and key civic and cultural amenities
• Prime position in Sydney's second CBD, supported by more than $20 billion of infrastructure and investment
• Strong occupier demand with limited competing supply
The property will be offered For Sale: $8,800,000
Please contact the exclusive agents for more information.
*Approximately
The offering comprises 13 commercial strata lots within Gough Whitlam Plaza, representing a 70%* interest in the building. The asset provides immediate income underpinned by a diverse tenancy mix, with leasing upside and clear value-add potential through refurbishment and repositioning, together with flexibility for partial owner-occupation.
Located in the heart of Parramatta CBD, the property enjoys excellent connectivity to major transport links, including the recently opened Parramatta Light Rail and the future Sydney Metro West, as well as close proximity to Parramatta Square, Westfield and surrounding civic and cultural amenities. Backed by more than $20 billion in investment, Parramatta has cemented its role as Sydney's second CBD, with demand for quality office space continuing to outstrip supply.
Additional highlights of the property are outlined below:
• 13 commercial strata lots offered in one line providing a combined area of 2,288.50* sqm
• Current total net effective income of $213,809.11* p.a with potential to increase to $878,395.61* p.a once fully occupied
• Represents 70% Ownership within Gough Whitlam Plaza
• Immediate income with leasing upside
• Diverse tenancy mix
• Refurbishment and repositioning potential (STCA)
• Prominent seven-storey Parramatta CBD building with basement parking
• Car parking for 19 vehicles
• Flexibility for partial owner-occupation
• Excellent connectivity including Parramatta Light Rail and future Sydney Metro West
• Walking distance to Parramatta Square, Westfield and key civic and cultural amenities
• Prime position in Sydney's second CBD, supported by more than $20 billion of infrastructure and investment
• Strong occupier demand with limited competing supply
The property will be offered For Sale: $8,800,000
Please contact the exclusive agents for more information.
*Approximately
Explore the area
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.
Photos
Contact Peter Vines
Contact Peter Vines
Peter Vines
20-24 Wentworth Street, Parramatta NSW 2150
Request a callback
Peter Vines
20-24 Wentworth Street, Parramatta NSW 2150