seventy SE EVVENNTTYY S TTWWOO two · Access to transport is immediate, with the nearest bus stops...

seventy two

Parramatta Road

Granville

SSEEVVEENNTTYY

TTWWOO PARRAMATTA ROAD GRANVILLE

An strategic investment and development opportunity, in Sydney’s

thriving Western Suburbs

2 72 Parramatta Road, Granville

EExxeeccuuttiivvee SSuummmmaarryy

Property 72 Parramatta Road, Granville NSW

Title Details Lot 2 in Deposited plan 228960

The Opportunity 72 Parramatta Road presents the opportunity to purchase a strategic land

holding in Sydney’s Western Suburbs; identified for mixed use

redevelopment as part of the New Parramatta Road Corridor Strategy

Land Area 1,428SQM*

Building and site description

The property presents a highly functional industrial building, with commercial/

office accommodation fronting Parramatta Road and a large warehouse to the

rear.

Proposed Planning Controls

The New Parramatta Road Corridor Strategy proposes the following

planning controls;

Zoning: B4 Mixed Use

FSR: 6:1

Height of Buildings: 80m

Sales Process For Sale via Expressions of Interest (EOI)

Agency Contacts

Bill A Hussein

Sales Executive

Ray White Auburn

D: 9749 1113

M: 0410 888 820

E: [email protected]

*Approx.

mailto:[email protected]

information memorandum 3

Contents

P2 Executive Summary

P5 The Opportunity

P6 Location

p10 Property Highlights

p11 building and site description

P12 new Parramatta rd corridor

P13 Proposed planning controls

P14 existing planning controls

p15 comparable transactions

p16 sale process & Conclusion

P17 Annexures

P24 Disclaimer


The

Opportunity

72 Parramatta Road, Granville presents an exceptional

opportunity to purchase a significant land holding in

Sydney’s Western Suburbs, primed for high density

redevelopment.

The property consists of a highly functional

freestanding industrial building, which would suit a

broad range of commercial or industrial occupiers.

Offered with vacant possession, the building offers

enormous potential to re-lease in the short term, whilst

exploring a broad range of development options.

72 Parramatta Road is offered for sale via Expressions

of Interest; this is a rare opportunity to secure a

strategic land holding of scale within a fast evolving

precinct, and we look forward to your serious

participation.

Why purchase?

— Strategic land holding with significant

redevelopment potential

— Identified for 6:1 FSR and B4 Mixed Use zoning

under New Parramatta Corridor Strategy

— Outstanding transport links – 300m* to Granville

Train Station

— 400m* from the M4 Motorway, which has been

recently upgraded and improved

— Fast evolving precinct with immediate access to

amenity

— 1.4kms* from Parramatta CBD

— North facing site with no neighbours on its eastern

frontage

— Functional industrial building with dual street access

— High profile location with further amalgamation

potential

*Approx.


Location

Granville is situated 22kms* West of the Sydney CBD,

on the fringe of the Parramatta CBD, the geographical

centre of Sydney.

A traditional industrial hub, Granville has begun to

undergo broad gentrification, with numerous high

density residential developments at various stages of

the planning, construction and completion. In addition,

amenity throughout the precinct continues to grow, with

schools, parks, high street retail and Parramatta CBD

(1.4kms* North) all within its immediate surrounds.

Access to transport is immediate, with the nearest bus

stops some 50ms* from the properties Parramatta

Road frontage, and Granville Train Station some

300m* to the West. In addition, the M4 Motorway

is located 400m* North of the property, currently

undergoing major upgrades and enhancements to

ensure convenience of access to the Sydney Road

network well into the future.

Granville is poised to continue to undergo significant

growth, being the gateway into Western Sydney’s CBD,

and acting as the key activation precinct to further

revitalise both the Greater Parramatta area, and the

Parramatta Road Corridor Strategy. This is evidenced

in the NSW Governments A Plan for Growing Sydney,

which identifies the need for improved transport

and increasing housing supply to satisfy Sydney’s

ever growing population increase, specifically within

Granville and its surrounds.

“Granville continues to transform from a traditional

industrial hub, into a thriving mixed use precinct on

Parramatta’s door step”

Legend

1. Granville Train Station

2. Parramatta Westfield

3. Granville Swimming Centre

4. Parramatta Park

*Approx.

1

3


Parramatta cbd

2

4 Sydney cbd

10kms

Parramatta Road

M4 Motorway

SEVENTY TWO

Parramatta ROAD

GRANVILLE

Sydney airport 12kms


SEVENTY TWO

Parramatta ROAD

GRANVILLE


Property

Highlights

72 Parramatta Road, Granville presents a rare opportunity to acquire a high profile commercial/ industrial building with

significant development upside, within close proximity to Granville Town Centre and the Parramatta CBD.

Highlights include



— Identified for 6:1 FSR and B4 Mixed Use

zoning under New Parramatta Corridor Strategy


Train Station




amenity


— North facing site with no neighbours on its Eastern

frontage



potential

*Approx.


20M*

61

M*

Building and site

Description

The land is a regular shape with frontage to Parramatta

Road and Cowper Street.

20M*

25M*

The existing building comprises of a highly functional

single story industrial building, with commercial/ office

accommodation fronting Parramatta Road, and low

clearance industrial accommodation to the rear. Access

to the property is via a large roller shutter fronting Cowper

Street, providing direct vehicular access to the warehouse.

The site is a regular shape, totalling some 1,428sqm* of

land with frontages to Parramatta Road and Cowper Street

to the rear. Importantly, the eastern side of the site is bound

by Duck Creek, ensuring minimal frontage and disturbance

from neighbouring properties.

Schedule of Areas

Site Area 1,428 sqm*

warehouse 1,002 sqm*

Parramatta Road

*Approx.

61

M*


Diversity

— In housing and employment

MIXED USE PRECINCTS

— with housing, jobs and shops near public transport

services and community facilities

better public transport

— on Parramatta Road

— and improved walking and cycling connections



Heritage and amenity respected

— through transitions in the size an types of new

buildings

Better places for people

— two live, work and visit

— and more sustainable communities

Green spaces

— landscaped areas

— parks and open spaces

— urban plazas

new Parramatta

Road Corridor

The new Parramatta Road corridor will play a positive role in supporting Sydney’s growth as it is the central spine

connecting the two CBDs of Greater Sydney – Sydney in the East and Parramatta in the West. The Corridor is a

strategically important transport route for industrial, business and private purposes, and it is a valued home to many

vibrant communities.

The Corridor spans 20 kilometres* from Granville in the West to Camperdown in the East. It is the land adjoining and at

least one block back from Parramatta Road, as well as eight Precincts that have been identified as the focus for future

growth based on their different functions and character. The precincts identified are as follows;

The transformation of Parramatta Road Corridor will mean

“72 Parramatta Road is poised to benefit from one of Sydney’s most significant infrastructure projects; $198 million Government investment, transforming Parramatta

Road into a vibrant high density residential and commercial hub”

*Approx.

Granville

Auburn

Homebush

burwood-Concord

Kings

Bay

Hill

Taverners

Leichhardt

Camperdown


Proposed PLANNING

CONTROLS The following controls are sourced from the NSW Governments Parramatta Road Corridor Urban Transformation

Planning and Design Guidelines;

Zoning:

FSR:

Height of Buildings


existing planning

Controls

The following planning controls are sourced from the Parramatta Local Environmental Plan 2011

Local Authority

Parramatta City Council

FSR 3:1

Zoning B6 Enterprise Corridor

Building Height 21 metres

Permitted Uses Bulky goods premises; Business identification signs;

Business premises; Community facilities; Food

and drink premises; Garden centres; Hardware and

building supplies; Hotel or motel accommodation;

Kiosks; Landscaping material supplies; Light industries;

Neighbourhood shops; Passenger transport

facilities; Plant nurseries; Self-storage units; Timber

yards; Vehicle sales or hire premises; Warehouse or

distribution centres


Comparable

Transactions

We provide the below recent comparable transactions for your consideration;

Date

Price

Site

Area

SQM

Rate/

SQM Land

Zoning

FSR Rate/SQM

GFA Zoned

33 East Street

Granville

May 17

$8,000,000

616

$12,987

B4 Mixed

Use

6:1

$2,164

68-70 Cowper Street

Granville

May 17 $2,700,000 875 $3,086 B4 Mixed

Use

6:1 $514

80 south Street

Granville

Dec 16 $12,100,000 4,222 $2,866 B4 Mixed

Use

2:1 $1,433

39-43 Williams Street

Granville

Sep 16 $6,750,000 2.267 $2,978 R4 High

Density

Residential

1.7:1 $1,751

176 Parramatta Road

Granville

Aug 15 $6,500,000 670 $9,701 B6

Enterprise

Corridor

3:1 $3,234

*Approx.


Sale Process

Inspections

Inspections will be conducted by appointment only and

by contacting the exclusive marketing agents.

Due Diligence

To assist in the assessment of this offering, due

diligence information, including a Contract for Sale

is available upon request. To arrange access to the

information please contact the exclusive agents.

Changes to the Process

The Vendor reserves the right not to accept any offer

and, without limitation, nor is the Vendor obliged to

accept the offer with the highest consideration. The

Vendor may, in its absolute discretion, suspend or vary

the sale process, negotiate with any party who submits

an offer or with any other person, enter into a binding

contract with any party at any time before or after

closing date and/ or, at any time prior to exchange of

binding contracts, may withdraw the property.

Conclusion

We confirm the following outstanding property highlights;

Highlights include



— Identified for 6:1 FSR and B4 Mixed Use zoning

under New Parramatta Corridor Strategy


Train Station




amenity


— North facing site with no neighbours on its Eastern

frontage



potential

We look forward to progressing your interest.

*Approx.


Annexures


Schedule of Outgoings FY17

Council rates $3,867.00 per quarter

Water Rates $1,983.32 per annum

Land Tax $22,622.65

(single holding basis)


Sydney harbour

Sydney cbd

M4 Motorway

Parramatta

Road

SEVENTY TWO

Parramatta ROAD

GRANVILLE


Clyde station

granville swimming Centre

granville station

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