124 Thomas Street
Parramatta, NSW 2150

Overview

124 Thomas Street, Parramatta, NSW, 2150

Situated adjacent to the Parramatta River and only a short walk from the Parramatta CBD, this property offers exceptional convenience and potential. It is close to the University of Western Sydney, Parramatta railway station, Rivercat ferry, Westfield Shoppingtown, Rosehill Gardens Racecourse, and the newly proposed light rail. The location also benefits from vibrant eateries, cafes, and easy access to the M4 motorway.

This site represents a raw potential development opportunity, subject to council approval, ideal for astute builders and developers seeking a prime residential site with strong resale value in a tightly held city fringe location. The offering comprises two properties with the following features:

• Total site area of approximately 739 square meters
• A wide frontage of approximately 15.24 meters
• Elevated position with a due north rear aspect
• Zoned R4 for high density residential development
• Floor Space Ratio (FSR) of 0.8:1, with the possibility of a higher ratio under the Affordable Housing Scheme
• Building height allowance up to 11 meters
• Both properties are currently leased
• Options to purchase either separately or together in one line
• Potential for unit development, childcare facility, boarding home, or duplex, subject to council approval

This opportunity is well suited for developers looking to capitalize on the growth and demand in the Parramatta area, offering flexibility in development options and a strategic location close to key amenities and transport links.

Location