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450 Parramatta Rd 7,761 SF 100% Leased Retail Building Petersham, NSW 2049 For Sale
Investment Highlights
- Prime corner location at Crystal Street and Parramatta Road in Petersham
- Close to train stations, bus services, retail, and lifestyle amenities
- Rare freehold opportunity in a high-growth inner-west corridor
- Positioned within a precinct earmarked for future housing density uplift
- Fully renovated building offering immediate usability or redevelopment potential
Executive Summary
This property is offered For Sale and represents an outstanding opportunity to acquire a prominent freehold site with significant development potential. Set on a 487 m² landholding with a total building area of 721 m², the property benefits from E1 Local Centre zoning, an FSR of 1.5:1, and a height limit of 14 metres, enabling a variety of future uses (STCA). Fully renovated and previously operating as the Clarence Hotel, the property combines immediate usability with long-term upside. Its location within a precinct flagged for increased housing density under Inner West Council’s TOD proposals further strengthens its investment appeal. Positioned close to retail, transport, and lifestyle amenities, this asset offers exceptional versatility and growth potential in a high-demand inner-west market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,761 SF
Building Class
B
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.12 AC
Frontage
Amenities
- Signage
- Roof Terrace
- Air Conditioning
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Nearby Major Retailers
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450 Parramatta Rd
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