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14-16 Pitt St Apartment Building $4,548,700 2.16% Cap Rate Parramatta, NSW 2150
Investment Highlights
- MU1 Mixed Use zoning with 1.5:1 FSR and 20-meter building height allowance.
- Land area of approximately 1,267 m² with existing improvements generating holding income
- Located within Parramatta CBD
- Surrounded by major infrastructure projects, retail, dining, and green spaces
Executive Summary
14-16 Pitt Street presents a rare opportunity to secure a development site in the heart of Parramatta’s rapidly evolving CBD. Positioned within one of Sydney’s most dynamic growth corridors, this property offers exceptional connectivity and long-term potential. The site spans approximately 1,267 m² and is zoned MU1 Mixed Use, allowing for a range of development outcomes supported by a 1.5:1 FSR and a 20-meter height limit.
The property benefits from immediate proximity to major infrastructure and amenities, including Parramatta Railway Station, Parramatta Square, and Westfield Parramatta, all within walking distance. The new aquatic center, Parramatta Park, and the Eat Street dining precinct further enhance the location’s appeal for future mixed-use development. With passing income of approximately $140,335 per annum, the asset provides holding income while planning and approvals are pursued.
As Western Sydney continues to experience significant investment in transport, commercial, and residential projects, this site offers developers, investors, and owner-occupiers a strategic foothold in a tightly held market.
The property benefits from immediate proximity to major infrastructure and amenities, including Parramatta Railway Station, Parramatta Square, and Westfield Parramatta, all within walking distance. The new aquatic center, Parramatta Park, and the Eat Street dining precinct further enhance the location’s appeal for future mixed-use development. With passing income of approximately $140,335 per annum, the asset provides holding income while planning and approvals are pursued.
As Western Sydney continues to experience significant investment in transport, commercial, and residential projects, this site offers developers, investors, and owner-occupiers a strategic foothold in a tightly held market.
Property Facts
| Price | $4,548,700 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 2.16% | Lot Size | 0.31 AC |
| Sale Condition | Redevelopment Project | Building Size | 7,890 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Parking Ratio | 0.38/1,000 SF |
| Price | $4,548,700 |
| Sale Type | Investment |
| Cap Rate | 2.16% |
| Sale Condition | Redevelopment Project |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,890 SF |
| No. Stories | 2 |
| Parking Ratio | 0.38/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
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14-16 Pitt St
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