News & Research

Parramatta CBD Development Opportunity

The latest research from Parramatta Cityscope shows sales’ value has increased in the latest quarter. In the 3 months to June 2023, there was a total value of $125.5 million transacted, compared to the $91.1 million in the previous quarter and the $34.7 million in the quarter to December 2022.

7 Hassall Street, Parramatta is currently for sale through Jon Rave and George Khoury of Khoury & Partners Parramatta. Being marketed as having ‘major redevelopment potential’ it also offers holding income for any potential developers. 7 Hassall Street, Parramatta is a five-level building with four levels of office space and lower ground floor parking for 75 cars with a net lettable area of 3,560 sqm. The site is a 1,920-sqm block with dual Street frontages and is located just minutes away from the Parramatta rail/bus interchange and the Westfield shopping centre. Current tenants include AEGON Direct & Affinity Marketing Services Australia, Choice Academic Business College and Shichida Education Centre.

The property last traded in 2015 at $18.5 million.


CoreLogic Australia

CoreLogic Australia

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