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News release

SYDNEY

Historic Parramatta cottage with 175-year local history to be offered for sale

‘Perth House’ in CBD has strong ties to the suburb’s early citizens and council, and will be offered to the market via an Expressions of Interest Campaign by JLL


A historic sandstone cottage in Parramatta CBD is being offered to the market by JLL's Regional Director, Sales and Investments – NSW, John Macree, Associate Director Michael Binskin, & Manager, Dylan McEvoy.

Located at 85 George Street Parramatta, the approximate 368 square metre property known as "Perth House" was built in circa 1841. Price expectations are over $1.7 million with the property suitable for an investor or owner occupier in a number of industries including hospitality, professional services and childcare. The property benefits from a development consent for a commercial kitchen as well as Heritage Controls which will preserve the heritage appeal of the property.

It will be offered for sale via an Expressions of Interest Campaign by JLL.

It is understood that Perth House was built for pastoralist George Oakes who became the first Member of the Legislative Assembly for Parramatta and had involvement in local municipal politics. Perth House is also associated with James Houison, who became known as a recognised architect/builder as well as an important figure in municipal politics. The site has further significance due to its association with the Superintendent of Government Buildings at Parramatta which resided on the site at an earlier date. (Source: Howard Tanner & Associates, 1987).

Mr Macree said, "This heritage property has a great story to tell with 175 years of local history, and is a fine example of early architecture that is now hard to find. In addition to the heritage appeal, the attraction for potential buyers will be enhanced by the property's location in the centre of Parramatta CBD, which is being further enhanced by new transport and amenity, and Parramatta's location as the geographical centre of Sydney, which ensures accessibility. The property has broad appeal to both owner occupiers and investors looking to secure a freestanding office building or for use in the hospitality industry as a café or restaurant."

According to Mr Binskin, "Parramatta is remaining a key focus area for investors and owner occupiers. Many assets at the larger end of Parramatta's residential development and commercial office sectors have exchanged over the past 12-24 months."

Mr McEvoy said, "As a result, the stock base has tightened significantly and buyers are increasingly attracted to the low vacancy rates in Parramatta and stable investment environment at the lower end of the pricing spectrum, to expand their portfolio or enter the market."