First time offered in 46 years, Raine & Horne Commercial Parramatta is pleased to present to market a rare opportunity to secure a small residential block located on the fringe of Parramatta CBD.
45 Iron Street, is surrounded by some of the City’s best amenities with direct access to Parramatta CBD via Church Street. In close proximity are major arterial roads such as Windsor Road and James Ruse Drive.
The property also takes advantage of its proximity to Westmead Health Precinct, Parramatta Leagues Club, Commbank Stadium and is only 300m* to North Parramatta neighbourhood shops. A bus stop is located across the road and the Parramatta Light Rail (Est. 2023) is located 700m* on the corner of Church & Factory Streets.
• Passing Income: $89,460*
• Land Area: 767sqm*
• One (1) Title
• 4 × 2 Bedroom units
• 1 × 1 Bedroom unit
• Ongrade Parking and Double Lock Up Garage
• Full Brick Construction
• Fully Tenanted
• Potential Rental Upside on Refurbishment
Open for Inspections will be held every Saturday from 11am to 12pm. (Auction Day Open for Inspection will be held 10:30am to 11am)
For Sale via Auction – Saturday 15th October 2022 Onsite at 11am
For further details please call the exclusive agent.
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|R&H Suburb Summary||Houses|
|Number of sales||50|
|Median Rental Price||$650 p.w.|
|Change in Rental Rate (5yr)||30 %|
|R&H Suburb Summary||Units|
|Number of sales||152|
|Median Rental Price||$475 p.w.|
|Change in Rental Rate (5yr)||6 %|