Partially Tenanted Commercial Zoned Property - Walking Distance to Cairns Central
Penridge Commercial is pleased to offer for sale the property located at 16 Scott Street, Parramatta Park. The subject property is positioned in a high growth area, walking distance from Cairns Central Shopping Centre, and surrounded by a host of commercial businesses.
Improvements to the land area of 473m2, zoned commercial, comprise of a two storey queenslander office building with two street access and rear hardstand car-park that is fully secured.
The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2016 was 3508 people. By 2021 the population was 3621 showing a population growth of 3.2% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation.In 2021, 33.00% of the homes in Parramatta Park were owner-occupied compared with 29.80% in 2016.
Parramatta Park has 1,959 properties. Over the last 5 years, Houses in Parramatta Park have seen a 71.78% increase in median value, while Units have seen a 115.41% increase. As at 31 March 2026:
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