28A Phillip St, Parramatta

Belroy Property is proud to present 28a Phillip Street, Parramatta for sale via Auction.

This is a rare opportunity to secure a freestanding commercial investment in the highly sought-after and tightly held "Eat Street" precinct, offering substantial rental reversion and development upside potential.

Directly adjoining the recently refurbished Park Royal Hotel, only 50m from the new Parramatta Light Rail stop, at the heart of Sydney’s fastest-growing CBD, Parramatta.

Key Highlights:

• Rare freehold building over two storeys 
• Corner block with side lane way access 
• Site area: 371.3sqm
• Building area: 469.2sqm
• 12m Frontage to Phillip Street, 30m frontage to Phillip Lane 
• Zoning: MU1 mixed use zoning 
• FSR: 10:1
• Height: 211m 
• Significant rental reversion potential
• Single occupancy or diversified income stream potential
• Opportunity to owner occupy in the near future
• Offering major redevelopment possibilities
• Passing Income of $161,350.45 + GST 
• Market income potential of $400,000 + GST

Auction Details

Date: Tuesday 8 April 2025, 10:30am
Location: Auctionworks CBD, Mezzanine Level, 50 Margaret Street, Sydney

Note: All information contained herein is for general reference purposes only. Parties are expressly advised to conduct their own due diligence to verify the accuracy, completeness, and suitability of the property.