Parramatta Road caryard sale at development approved site
Jonathan ChancellorDecember 7, 2020
A site with development approval for an apartment complex at Homebush in Sydney’s inner west has been sold by Ray White Commercial South Sydney for $12.6 million.
The 2,216 square metre property at 172-176 Parramatta Road, Homebush was sold to a local developer by agent Peter Kotzias who said the former caryard site had development approval for 84 apartments.
“This site was sold off-market to a developer ready to exchange and settle in a short period of time,” Kotzias said.
“The vendor had amalgamated the three caryard sites and obtained a DA for the apartments to put the property up for sale."
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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