Penrith. Property sold for $1.3 million

A private investor has purchased a commercial property for $1.3 million, at 76-78 Henry Street, Penrith. The property, adjacent to Penrith Court and the Henry and Lawson street intersection, has a net income of $140,000. Gavin Shatford, of Raine and Horne Commercial Penrith, negotiated the sale on behalf of the vendor, Cama.

Parramatta. Approval for 23 storeys

Parramatta City Council has approved a DA, lodged by H S D (Parra) Pty Limited, for a mixed-use building, at 9 Hassall Street, in the Parramatta CBD, to increase the height of the building to 23 storeys to provide a total of 164 units. The initial DA was for a 17-storey building.

Parramatta. Soccer club sells property

An owner-occupier has purchased, for an undisclosed sum, an office building, at 5-7 Villiers Street, North Parramatta, from the Canterbury Marrickville Olympic Soccer Football Club. The property includes office space over two levels. Sam Hill, from John Hill & Co, negotiated the transaction.

Parramatta. Mission CEO resigns

Chris Bertinshaw has resigned as CEO, of Parramatta Mission, to pursue new career opportunities. He held the position for five years. In that time the mission’s turnover doubled to $20 million. He said the mission would have a chance to explore fresh leadership directions as it created a new structure and strategic plan. The mission’s senior minister, Keith Hamilton, will take his place.