UNIQUE STRATA INVESTMENT OPPORTUNITY IN PARRAMATTA
The building is located on the southern side of Phillip Street, close to its junction with Horwood Place and opposite the Crowne Plaza Hotel. The property is ideally located within walking distance of general business with Church Street located 100 metres west, providing convenient access to restaurants and cafes. Ample public car parking is available within a short walking distance including Erby Place public car park immediately to the rear.
55 Phillip Street, Parramatta is a superbly appointed commerial office building comprising over 4,000m2 of commercial and retail space and 27 car bays over 7 levels. The property offers a unique opportunity for small to medium sized businesses to acquire their own office and retail premises in the heart of Parramatta CBD. It also provides investors an opportunity to own a part of the Parramatta CBD office and retail market.
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 21,237 properties. Over the last 5 years, Houses in Parramatta have seen a 24.14% increase in median value, while Units have seen a 6.76% increase. As at 30 April 2026:
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