Parramatta. Large property on the market

A major L-shaped mixed-use block in the Parramatta CBD core is for sale with expressions of interest closing on September 22, through Jones Lang LaSalle. The tenants of the 2403-square-metre property, with frontages to Church and George streets, include St George Bank, Aldi and Miller’s Fashion Club. Fully leased net income is $1,554,000 per annum. The property surrounds a two-storey mixed-use property, on the south-east corner of the intersection, which was sold recently for $4.1 million. Its tenants include Tax Tips, Vodafone, Glamour Hair and 7-Eleven.