124 Thomas Street
Parramatta, NSW 2150

Overview

124 Thomas Street, Parramatta - NSW 2150

Located adjacent to the Parramatta River and just a short walk from the Parramatta CBD, this property offers exceptional convenience and potential. Nearby amenities include the University of Western Sydney, Parramatta railway station, Rivercat ferry, Westfield Shoppingtown, Rosehill Gardens Racecourse, and the newly proposed light rail. The area is also known for its vibrant eateries and cafes, with easy access to the M4 motorway.

This site presents a rare opportunity for builders and developers seeking a prime residential development site in a highly sought-after city fringe location. The property is subject to council approval and offers significant potential for various development options.

• The total site area is approximately 739 square meters.
• The frontage is wide, measuring approximately 15.24 meters.
• The site is positioned on a high side with a due north rear aspect, maximizing natural light.
• Zoned R4 for high density residential development.
• The floor space ratio (FSR) is 0.8:1, with the possibility of a higher ratio under the Affordable Housing Scheme.
• The maximum building height allowed is up to 11 meters.
• Both properties on the site are currently leased, providing immediate income potential.
• There is flexibility to purchase the properties separately or together in one line.
• Development opportunities include unit development, childcare facilities, boarding homes, or duplexes, subject to council approval.

This offering is ideal for astute investors and developers looking to capitalize on the growth and demand in the Parramatta area. The combination of location, size, zoning, and development potential makes this a standout opportunity in the market.

Location