RWC Western Sydney is pleased to present 20-24 Wentworth Street, Parramatta, for sale via Expressions of Interest - A rare opportunity to secure majority ownership in a prominent Parramatta CBD office building.
The offering comprises 13 commercial strata lots within Gough Whitlam Plaza, representing a 70%* interest in the building. The asset provides immediate income underpinned by a diverse tenancy mix, with leasing upside and clear value-add potential through refurbishment and repositioning, together with flexibility for partial owner-occupation.
Located in the heart of Parramatta CBD, the property enjoys excellent connectivity to major transport links, including the recently opened Parramatta Light Rail and the future Sydney Metro West, as well as close proximity to Parramatta Square, Westfield and surrounding civic and cultural amenities. Backed by more than $20 billion in investment, Parramatta has cemented its role as Sydney's second CBD, with demand for quality office space continuing to outstrip supply.
Additional highlights of the property are outlined below:
13 commercial strata lots offered in one line providing a combined area of 2,288.50* sqm
Current total net effective income of $213,809.11* p.a with potential to increase to $878,395.61* p.a once fully occupied
Represents 70% Ownership within Gough Whitlam Plaza
Immediate income with leasing upside
Diverse tenancy mix
Refurbishment and repositioning potential (STCA)
Prominent seven-storey Parramatta CBD building with basement parking
Car parking for 19 vehicles
Flexibility for partial owner-occupation
Excellent connectivity including Parramatta Light Rail and future Sydney Metro West
Walking distance to Parramatta Square, Westfield and key civic and cultural amenities
Prime position in Sydney's second CBD, supported by more than $20 billion of infrastructure and investment
Strong occupier demand with limited competing supply
The property will be offered For Sale: $8,800,000
Please contact the exclusive agents for more information.
*Approximately
The size of Parramatta is approximately 5.5 square kilometres. There are 29 parks, covering nearly 23.8% of the 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 21,344 properties. Over the last 5 years, Houses in Parramatta have seen a 19.69% increase in median value, while Units have seen a 7.51% increase. As at 31 May 2026:
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