Inner West office building offers secure investment and development opportunity

A rare opportunity to secure a three-level commercial freehold asset in the heart of Summer Hill is expected to attract significant interest from investors, occupiers and developers.

CBRE’s Robert Dowdy and Ray White Commercial City Fringe’s Kristian Morris have been appointed to manage the sale via an Expressions of Interest campaign.

Located at 60-70 Parramatta Road, the building is jointly owned by Montessori Academy, one of Australia’s largest childcare providers, and computer support and services provider Nexon Asia Pacific.

With extensive frontage to Parramatta Road, the 3,907sqm property features an extensively refurbished office with on-site car parking for circa 50 cars.

Mr Dowdy said, “Summer Hill is a major Inner West growth suburb within metropolitan Sydney. Astute investors, occupiers and developers will see this property as an outstanding opportunity to secure one of the last three-level commercial freehold assets in Sydney’s Inner West. Potential buyers are already circling the property, given its great location and blue-chip lease to Montessori Academy and Nexon Asia Pacific, and we expect to see even more interest in the coming weeks.”

Mr Morris added, “Rarely do sites of this size come to market, especially with a substantial building, secure tenants, and parking for more than 50 cars.” 

The property has direct access to main arterial roads, is close to Sydney University and RPA hospital, and walking distance to Taverners Hill light rail and train stations.

The International Expressions of Interest campaign closes on Tuesday 1st October 2024 at 2pm (AEST).