60 Parramatta Road, Summer Hill, NSW 2130 | Property Value & History | OnTheHouse
OFF MARKET

60 Parramatta Road
Summer Hill NSW 2130

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2528m2
Land area: 3907m2
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Property Details for 60 Parramatta Rd, Summer Hill

Building Type
Commercial
Floor Size
2528m2
Land Size
3907m2
Local Government
Inner West
Lot/Plan
10/DP779

Last Listing description (October 2024)

Ray White Commercial Sydney City Fringe an CBRE, as exclusive selling agents, are delighted to present For Sale via Expressions of Interest, 60-70 Parramatta Road, Summer Hill; A once-in-a-lifetime opportunity to acquire one of the last remaining three (3) level commercial freehold asset with ample on-site parking in the heart of Sydney's inner west. Walking distance to Taverners Hill Light Railway Station.

Representing an outstanding opportunity for astute investors, occupiers, as well as developers. Commanding a prominent location in the heart of Summer Hill with a 70.5m frontage to Parramatta Road, this commercial building which was built in the 1980's with on-site car parking for 50*cars will be one of the most sought after in 2024.

Located on the Southern side of Parramatta Road with direct access to all main arterial roads, Hume Highway, New Canterbury Road, City West Link and minutes from the M4 Motorway.

Summer Hill is a major inner west growth suburb within Metropolitan Sydney. 11.5 kms* west of Sydney CBD. Close vicinity to all essential amenity. Arguably the busiest commercial enterprise hub in the Sydney Metropolitan region which accommodates national and international brand heavy weights including: Costco, Harvey Norman, Woolworths, Bunnings Warehouse etc. Close proximity to Sydney uni, RPA hospital, medical/education hub. Walking distance to both Train Station and Light rail Station.

The property will attract several buyers because of its many key attributes, including:

- Net Passing Income: $829,999*
- Potential Net Market Income: $1,095,710*
- Building Area: 2,765sqm*
- Site area: 3,907sqm*
- Zoned: E3: Productivity Support
- Floor Space Ratio 2:1
- 70.5m* frontage
- Height of Building 15 metres
- High clearance warehousing
- Nabers energy rating
- Versatile and functional floor plan layout providing natural light throughout
- The efficient floor design and side core layout ensures that the building is suitable for whole floor occupation, yet is adaptable for multiple tenancies
- Serviced lift
- The building itself has been extensively refurbished providing a high-quality work environment for the next generation of office users
- Full staff amenities
- Development upside
- Three (3) secure tenants including: Australian's largest childcare group: Montessori Academy - Montessori Academy runs over 54 centres throughout Australia, Nexon Asia Pacific - Founded in 2000, a leading cloud, IT, security service provider and Australian Montessori College

60-70 Parramatta Rd, Summer Hill will be sold via Expressions of Interest closing at 2:00pm, Tuesday 1st October, 2024.

For additional information or to request access to the due diligence room, please contact the exclusive selling agents:

Ray White Commercial
Kristian Morris
Princial and Licensee in Charge
0411 415 297

CBRE
Robert Dowdy
0499 007 000

CBRE
Nick Zenonos
0438 112 626

*approx

Property History for 60 Parramatta Rd, Summer Hill, NSW 2130

A timeline of how this property has performed in the market
Last Sold
$4,700,000
10 Jun 2011
  • 28 Aug 2024
    Listed for Sale Expression of Interest closing 1st October 2024
  • 30 Jul 2011
    Listed for Sale AUCTION
  • 10 Jun 2011
    Sold for $4,700,000
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About Summer Hill 2130

The size of Summer Hill is approximately 1.2 square kilometres. It has 12 parks covering nearly 4.6% of total area. The population of Summer Hill in 2016 was 7311 people. By 2021 the population was 7288 showing a population decline of 0.3% in the area during that time. The predominant age group in Summer Hill is 30-39 years. Households in Summer Hill are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Summer Hill work in a professional occupation.In 2021, 48.70% of the homes in Summer Hill were owner-occupied compared with 45.60% in 2016.

Summer Hill has 4,366 properties. Over the last 5 years, Houses in Summer Hill have seen a 48.13% increase in median value, while Units have seen a 36.24% increase. As at 31 December 2025:

  • The median value for Houses in Summer Hill is $2,703,592 while the median value for Units is $1,036,617.
  • Houses have a median rent of $690 while Units have a median rent of $650.
There are currently 8 properties listed for sale, and 22 properties listed for rent in Summer hill on OnTheHouse. According to Cotality's data, 181 properties were sold in the past 12 months in Summer hill.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.