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BOUTIQUE DEVELOPMENT SITE (S.T.C.A) – ZONED R4 – MOMENTS TO PARRAMATTA CBD – NORTH PARRAMATTA

5 -7 GALLOWAY STREET,
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Overview

  • Updated On:
  • May 27, 2019

AUCTION: TUESDAY 25 JUNE 2019; 10:30AM

Contact the listing agent from the link below for further details:
RAY WHITE COMMERCIAL


NORTH PARRAMATTA

  • North Parramatta is an extension of Parramatta which a major city growing exponentially
  • Parramatta is on track to outstrip the growth in Sydney’s other major business centres including the city’s CBD and Macquarie Park, according to projections by real estate consultants Knight Frank
  • The estimated growth figures are:
    The value of the economy will jump for $23 billion to $30 billion by 2021
    Parramatta’s economic growth will nearly double in the next 4 years from 2.4% to 4.6%
    41,000 people will move to Parramatta by 2021 increasing the population to 271,000. This is double the Australian average growth
    186,000 people will work in Parramatta by 2021
  • A new 15 storey campus of The University of Western Sydney has recently opened in the Parramatta CBD
  • Parramatta is already home to The NSW Police headquarters & Sydney Water Head Office
  • Over the next 5 years it is projected that the CBD will be 1/3 larger than it is today
  • The massive expansion has arrived as the city embraces its riverfront. Thousands of new apartments, along with numerous restaurants, cultural and entertainment premises are being built on the water in an area east of Church St
  • The new Parramatta Square, behind the city’s town hall, will feature new developments. These include Lang Walker’s proposed Aspire tower, along with two office towers, including a proposed 38-­storey office building, which the NSW Department of Planning will move into
  • The exclusive schools The Kings School & Tara Anglican School for Girls is located in North Parramatta
  • The population of North Parramatta (2016 census) is 13,248

YOUR OPPORTUNITY

  • Zoned R4 High Density Residential
  • Restored cottage with concept plans adjoining for the construction of 8 x two (2) bedroom apartments
  • Land size is 692sq.m (approx.) & 20m frontage (approx.)
  • High growth precinct with infrastructure upgrade including the proposed Parramatta Light Rail station 260m away (approx.) on the corner of Factory & Church Streets
  • Walk to Parramatta (Bankwest) Stadium
  • Capitalise on the rapidly expanding Parramatta City


CLICK ON THE LINK BELOW FOR THE CORE LOGIC REPORT:

The information shared with you on this site by Sydney Growth Properties Pty Ltd is general information only, and has not been prepared taking into account the individual circumstances of the person to whom it is given. Intending purchasers, before acting on any information should assess the suitability of any investments in any property in light of their own personal objectives, financial situation & needs. In preparing this information Sydney Growth Properties Pty Ltd has used resources to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein. As always, you should obtain appropriate, qualified advice before making any investment decision, because all investments involve risk. The information is shared with you purely for the purpose of property investor education. It does not take into account your personal financial situation or needs.

Documents
Address: 5 -7 GALLOWAY STREET
State/County:
Zip: 2151
Country: Australia
Open In Google Maps
Property Id : 24479
Car: 0
Other Features
attic
back yard
balcony
basketball court
concierge
deck
doorman
fenced yard
fireplace
front yard
gas heat
gym
lake view
laundry
ocean view
pool
pound
private space
recreation
roof deck
sprinklers
storage
washer and dryer
wine cellar

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