Testing the water

Three buildings which are on the market in the Parramatta CBD will test investor interest in the city. A building, at 300 Church Street in the CBD core, is a 3-storey brick building with a GLA of 800 square metres, and leased to Cash Converters until September 2011. It will be auctioned by CBRE on November 1. Another building at 259 Church Street, with a building area of 300 square metres over two levels, and fully leased to a retail tenant, will be auctioned on November 8 by Richard & Wrench Parramatta. The Parramatta Club, in Hunter Street, a 1516 square-metre building over two levels, will be offered with vacant possession. Jones Lang LaSalle has called for expressions of interest to close on November 26.