Property Showcase

from WSBA April 2021 Edition

by Access News Australia (ANA)

Travel

Published in Western Sydney Business Access | Parramatta Times | Blacktown News | www.westernpropertyguide.com.au

Parramatta CBD.

Spoilt for choice at Parramatt a

Swap Sydney harbor views for city river views

 DALLAS SHERRINGHAM

BUYERS who once longed for a property with harbor views are now turning their aspirations to Parramatta and its outstanding choice of apartment living.

You can swap a harbor view for a river view and save yourself literally millions of dollars.

Recent auctions this year show everything from one bedroom “starters” to luxury penthouses and even a three storey ‘mansion in the sky’ have been available to cashed up bidders in the Parramatt a area.

I reckon you can still fi nd a bargain, although the market is constantly changing as Sydney undergoes another property boom.

A two-bedroom apartment in O’Reilly St recently sold for $452,000 while a two bedder in Harold St went for $570,000.

In Cowper St a two bed, two bath went for $465,000 and a similar property in Charles St fetched $620,000.

So, if you can manage $500,00 to $600,000 you will buy yourself a nice apartment in a good building with at least one car space.

A good option

Th ree-bedroom properties are available around the $770,000 plus mark.

In North Parra’s Albert St one went for $740,000 with two bedrooms and two carparks and another very well-presented apartment in Bellevue St went for $705,000.

North Parramatt a is a good option, being within walking distance of the CBD, restaurants, the footy stadium and light rail.

One of the positive features of newer apartments in Parramatt a compared to older areas of the inner city are the generous balconies which provide the opportunity for quality outdoor living. I discovered plenty of properties with great balconies in my research.

If you are an outdoors type person but love privacy, look for an apartment with views to the north or east if possible to avoid southerlies or the western sun.

However, if a free-standing cott age is more your idea of a great home, expect to pay a lot more. Even quite basic three bedders are going for around the $1.5m mark. However, if you are spending that sort of money, get your bank to extend another $100,000 plus for a quality reno.

As free-standing cott ages become rarer, their value will increase more in the long run, especially they are a heritage style design.

If you are new to the auction game, may I recommend that you att end a few auctions beforehand. It will give you an idea what you can buy in your price range at this exact moment in time.

While there are still agents who frame auction price expectations way lower than what the property eventually sells for, authorities are cracking down on this unscrupulous process. Th ere have been a number of infringement fi nes for underquoting in NSW this year.

Inspectors att ended 33 auctions and issued 14 infringement notices, so hopefully some agents will start to do the right thing and quote realistically.

North Parramatta is a good option, being within walking distance ofthe CBD, restaurants, the footy stadium and light rail.”

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100 BED WELLBEING HOTEL AT WESTMEAD

This could be the healthiest stay in Australia

 DALLAS SHERRINGHAM

WESTMEAD is gaining a new Travelodge Hotel which could prove to be the healthiest hotel in Australia.

Th e $100M health and wellbeing Travelodge Hotel at West Grove will have 100 rooms and will be closed to Westmead’s medical facilities.

It will be managed by Drill Pty Ltd Hotel at West Grove aft er signing a long-term management agreement with TFE Hotels.

Th e Travelodge will be located on the current Westmead Shopping Centre site at the gateway to Westmead’s Health and Innovation Precinct.

Drill chief executive Mark Hovey told leading web site Urban Developer the revised development application for the 2150sq m site would ensure West Grove provided the accommodation, infrastructure, retail and food and beverage services needed into the future.

“Th e hotel accommodation is a key component of West Grove. Drill are the fi rst to introduce this option within the Westmead Health Precinct, so it fi lls an important gap within the overall district off ering,” Mr Hovey said.

“At the moment, if you are family living outside of greater Sydney and your child or other family member is transferred to Westmead, your only options for hotel accommodation are 15 minutes away. At West

Travelodge Hotel Westmead - Precinct Courtyard at Night.

Grove you will be just metres away.”

Th e Travelodge also features commercial space for healthcare businesses, specialists and co-working providers. Th ese include a Woolworths metro-style fresh food supermarket, a hawker style food court, a tavern, courtyard cafes, and specialist retail.

Electric car charging

It will include 126 car spaces, along with end-of-trip facilities and electric vehicle charging stations.

Mr Hovey said West Grove would be a thoughtfully designed “oasis” for people with loved ones receiving medical treatment.

Drill recently received approval for its revised plans for the 100-room health and wellbeing hotel, scaling back from a residential apartment component.

TFE Hotels’ chief executive Antony Ritch said TFE was proud to partner with Drill and introduce the Travelodge Hotels brand into Australia’s largest health and innovation precinct.

“Not only will the Travelodge Westmead debut a fresh new interior design with warm timber and earthy tones,” he said.

“But, in partnership with the West Grove development, it will deliver longterm benefi ts as the thriving Westmead community continues to grow.”

Mr Ritch said the hotel would feature simple, stylish interiors throughout including the rooms, sixth level lobby, eatery and bar. One of West Grove’s central design features is a lush, landscaped courtyard space activated with restaurants, cafes and bars.

“West Grove is the future heart of the Westmead Health and Innovation Precinct for healthcare professionals as well as local and regional visitors,” Mr Hovey said.

Drill has started leasing West Grove’s healthcare space including a day surgery, large general practice and independent health consulting suites with Healthcare Property Group.

Construction of the multi-storey complex at West Grove is expected to start this year. Th e opening of West Grove is scheduled for Christmas 2022, with Travelodge Westmead opening early 2023.