Receivers and Managers offer Parramatta’s Crown Hotel and development sites for sale through Manenti Quinlan
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Receivers and Managers offer Parramatta’s Crown Hotel and development sites for sale through Manenti Quinlan
On Behalf of PwC, Receivers and Managers appointed, Manenti Quinlan and Associates’ Peter Manenti, Leonard Bongiovanni and Tom Cullen offer 263-265 and 295 Church Street Parramatta for sale.
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295 Church Street Parramatta for sale is currently a pub (Crown Hotel) with development potential. -
295 Church Street Parramatta for sale is currently a pub (Crown Hotel) with development potential. -
263 Church Street Parramatta for sale DA approved for a hotel with stunning period features. -
263 Church Street Parramatta for sale DA approved for a hotel with stunning period features. -
263 Church Street Parramatta for sale DA approved for a hotel with stunning period features. -
263 Church Street Parramatta for sale DA approved for a hotel with stunning period features.
On Behalf of PwC, Receivers and Managers appointed, Manenti Quinlan and Associates’ Peter Manenti and Leonard Bongiovanni are selling two development opportunities located at 263-265 and 295 Church Street Parramatta via Expressions of Interest.
The first property on 1,075 square metre property at 295 Church Street offers the opportunity to acquire one of the last remaining consolidated high rise residential development opportunities with dominant frontage within the Parramatta Riverbank Precinct.
For developers, there is the opportunity to create upmarket highrise residences or a comparative boutique scale development in a premier location, with lifestyle and amenity at the doorstep.
Currently, the property is operating as the Crown Hotel.The proposed sale includes land, improvements, gaming permits (5), gaming entitlements (25) and liquor licence.
The second property on offer is at 263-265 Church Street and consists of a high-profile premier site that is bisected by Freemasons Arms Laneway in the heart of the Parramatta CBD. The impressive site presents a premium retail opportunity with extensive frontage along Parramatta's Eat Street and with light rail at the door step.
It comprises a vacant three-level building with an area of 1,101 square metres on a site of 514.1 square metres. The property had been previously approved as a liquor and gaming venue.
The properties are being offered separately by Expressions of Interest closing Thursday, 5 September 2024 at 4.00pm (AEDT).
The marketing agents note that the significant government infrastructure investment, combined with major commercial development activity led by institutional fund managers is increasing Parramatta's commercial and lifestyle profile at a national scale.
The location benefits from increased street activation and retail amenity generated by the new Parramatta Light Rail running along Church Street and connecting the opportunity effortlessly to Parramatta Square and the Westmead Health and Innovation Precinct.
Parramatta is undergoing a major transformation as Sydney’s second CBD due to its central, accessible location surrounded by a rapid population growth.
Parramatta is recognised as a place of major rethinking and redevelopment. A steady stream of activity is in play. The goal: Creating ‘new’ Parramatta, a viable major metropolitan centre with multiple rapid transit offerings and a place where residents will choose to live, work and build their communities.
Working with council to bring the future of Parramatta city to life will see vibrant hubs open the city up to a prosperous and successful future, with a view to cementing Parramatta as a major Australian city centre, recognised locally and internationally. New development projects place a spotlight directly onto Parramatta as a key Sydney location.
The marketing agents also note that these assets were extremely rare to buy adding that it was an exciting opportunity to bring them to the market.
To request a copy of the Information Memorandum please contact one of the marketing agents, Manenti Quinlan and Associates Peter Manenti, Leonard Bongiovanni and Tom Cullen via the contact details below.
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