Colliers and Oliveri Capital are pleased to present 36-40 Grose Street, Parramatta, a boutique high-density residential development opportunity with stable holding income positioned in Australia’s fast-growing suburb of Sydney’s West. Located within the Parramatta Northeast Precinct, the site is located under gateway determination, with Design Excellence endorsed by Parramatta City Council – paving the way for increased height and GFA up to 15-storeys. Only 200 metres from the Fennell Street Light Rail Station*, the site offers seamless connectivity to Parramatta’s key landmarks including the Church Street dining precinct, Westmead Hospital, CommBank Stadium, Parramatta Westfield and connecting to Parramatta Railway Station. Investment Highlights: • 2,319sqm* site area on 3 separate lots with over 52 metres* frontage to Grose Street • Amalgamated site with two freehold blocks of units (8 x 2-bed) and a residential dwelling across separate titles – providing multiple income streams from 17 tenancies with short lease terms • Zoned R4 High Density Residential under Parramatta LEP 2023 • Design excellence gateway supports an increased planning uplift up to 3.9:1 FSR, expected to be finalised by late 2025 • Concept scheme is prepared for a 9,094sqm GFA project with 109 apartments over 15-storeys (subject to Town planning approval). • Walking distance to light railway, Westmead Hospital, CommBank Stadium, Church Street retail & dining, Westfield Parramatta, Parramatta Square and rail interchange. • Parramatta CBD has experienced over $20 billion in public and private investment over the past decade. • 36-40 Grose Street, Parramatta is for sale by Expressions of Interest closing on Thursday 19th June 2025 at 3:00pm (AEST). For more information or to arrange an inspection, please contact the exclusive agents today! *approx.
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Property ID: 504863144
Original Property ID: 504863144