DEVELOPMENT WITH LEASEBACK

Sold under the hammer following a competitive marketing campaign, the exclusive agents are pleased to announce the sale of 98 Parramatta Road, Lidcombe.

This main road site of 1,939m2* of land area has an extensive 55.5m* frontage to Parramatta Road and exposure to over 80,000* cars daily. Identified as part of the Parramatta Road Corridor Urban Transformation Strategy and leased to Telstra on a head lease for four (4) years, this was perfect investment opportunity with future development potential (STCA).

Key highlights include:
• Leased to Telstra for four (4) years expiring 2022
• Single storey brick building of 1,564m2*
• Secured fenced yard area with dual entry/ exit points
• Currently zoned B6 Enterprise Corridor
• Part of the Parramatta Road Corridor Urban Transformation Strategy
• Future development potential^
• Situated in a high growth precinct
• Neighbouring established national retailers

*Approximate ^ S.T.C.A

Sales Analysis
Sale Price:$4,500,000
Sale Date:11 April 2018
Total Floor Area:1,564 m2*
Total Land Area:1,939 m2*
Proposed Rental Income:$156,400 + GST*
Zoning:Enterprise Corridor B6
Outings:$23,586.23* p.a
$/m2 Land Rate:$2,320.78
Vendor:Confidential
Purchaser:Confidential
Sale Process:Public Auction