1-8/36 Grose Street Parramatta, NSW 2150

Set on 841sqm in a prime Parramatta location, this entire block of 8 x 2 bedroom apartments presents a rare opportunity to secure an income-producing asset with outstanding development potential. All with lock up garages, balconies and internal laundries. An amazing location, only seconds to the Light Rail, Parramatta Station, Westfield, schools and cafés, the property benefits from exceptional connectivity and sits within a high density zoning allowing significant future uplift (STCA). Currently returning $183,040pa with scope to further increase.

• Entire block of 8 x 2 bedroom apartments
• Secure investment with strong rental income potential
• 8 on-site parking plus additional visitor parking
• Zoned LMR with outstanding redevelopment potential (FSR 3:1, height limit 40m)
• Ideal "land bank" opportunity in a rapidly evolving precinct
• Moments to shops, transport, schools, and local amenities
• Invest now, hold for future growth or redevelop (STCA)

Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY