Property Details for 15 Cowper St, Parramatta
Last Listing description (December 2024)
Boutique Development Site with Holding Income^
RWC Western Sydney is pleased to present 15 Cowper Street, Parramatta ('the Site') for sale.
The Site represents an excellent development opportunity for astute developers to take advantage of its immediate proximity to the heart of Parramatta CBD including the Station, Parramatta Square as well as Westfield Parramatta.
Currently exists as a tenanted freehold commercial building that is an elderly care facility.
Additional Highlights of the Property:
Site area of 600sqm*
Zoned MU1 Mixed Use (formerly B4 Mixed Use)
Existing FSR of 6:1 with a height limit of 80 metres
Potential Gross Floor Area of 3,600sqm* plus bonuses
Existing holding income of $73,116.22 per annum
Existing DA Approval for a mixed-use building
Single-story commercial building with 6 car parking spaces
Walking distance to all amenities that Parramatta CBD has to offer
Strong underlying growth underpinned by Parramatta's growing population and local economy
The property will be offered for sale.
For more information, please contact the selling agents.
^STCA
Property History for 15 Cowper St, Parramatta, NSW 2150
- 27 Oct 2024Listed for Sale Contact Agent
- 18 May 2020Listed for Rent $70,000.00 per annum gross plus GST
- 01 Mar 2018Listed for Rent - Price not available
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About Parramatta 2150
The size of Parramatta is approximately 5.5 square kilometres. It has 29 parks covering nearly 23.8% of total area. The population of Parramatta in 2016 was 25798 people. By 2021 the population was 30211 showing a population growth of 17.1% in the area during that time. The predominant age group in Parramatta is 30-39 years. Households in Parramatta are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parramatta work in a professional occupation.In 2021, 27.60% of the homes in Parramatta were owner-occupied compared with 28.10% in 2016.
Parramatta has 20,881 properties. Over the last 5 years, Houses in Parramatta have seen a 38.05% increase in median value, while Units have seen a 9.52% increase. As at 31 December 2025:
- The median value for Houses in Parramatta is $1,673,916 while the median value for Units is $630,491.
- Houses have a median rent of $620 while Units have a median rent of $680.
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