6/22-24 Marion Street
Parramatta, NSW 2150

Overview

Position Plus Potential

This unit presents an excellent opportunity for those seeking convenience, space, and potential for future growth in one of the most sought-after areas of Parramatta. It is situated within a small block of six units on a substantial parcel of land, offering significant redevelopment potential subject to council approval.

With low strata levies and attractive rental returns, this property is ideal for first-time buyers or investors looking to add value to their portfolio. The affordable strata fees and favourable mixed-use zoning enhance the appeal of this offering.

Located just a short walk from Westfield Shoppingtown, the property benefits from close proximity to multiple transport options including railway stations, bus interchange hub, Light Rail, and the upcoming Sydney Metro. Residents will also enjoy nearby parks, schools, and a vibrant selection of restaurants and eateries. Additionally, the property is near Parramatta Square, one of Australia's largest urban renewal projects, which is set to become a world-class civic centre.

• The versatile partitioned lounge and dining area can be easily converted into a guest bedroom or a study/office space.
• Both bedrooms feature windows, with the main bedroom including built-in wardrobes for ample storage.
• The generously sized kitchen offers plenty of storage space, catering to everyday needs.
• The full-size bathroom includes a bathtub and a window, providing natural light and ventilation.
• Floorboards extend throughout the unit, complemented by a large undercover balcony ideal for relaxation or entertaining.
• Additional features include air conditioning and an internal laundry for convenience.
• A lock-up garage with undercover access ensures secure parking and easy entry to the property.

Approximate quarterly outgoings are as follows:
Strata fees: $1,011
Council rates: $326
Water rates: $180

Investors should note the land zoning is MU1 - Mixed Use as of March 3, 2023, which may provide further development opportunities.

Location