Petersham Inn and Telstra exchange buildings to go under the hammer

By Rebecca Holland

The well-known Petersham Inn and two Telstra exchange buildings are among five properties scheduled to go under the hammer on Wednesday, April 11, through Ray White Commercial NSW.

Watch the auction live below from 10.30am on April 11

Ray White Commercial NSW and Ray White Commercial Newcastle have been engaged to sell the sites in Lidcombe and Merewether.

Both now operate as telephone network exchanges and data centres.

The offerings are motivated by Telstra’s changing infrastructure asset requirements.

Another Telstra property, in San Souci, is for sale separately by expressions of interest.

Billed as a passive commercial investment, the premises operating as the Petersham Inn is for sale with a hotel licence, nine gaming entitlements and four car spaces.

The high-profile inner west pub comprises two strata-titled commercial lots on a total block size of 738sqm.

The tenant is two years into a 25-year lease, with options.

A significant retail-commercial property in the Parramatta CBD with future development potential is the only freestanding building on the market in Parramatta right now, according to Ray White Commercial NSW.

The two-storey building on a 335sqm site is expected to interest occupiers, investors and developers.

9 Parkes Street, Parramatta.

A centrally located 803sqm development site in Wolli Creek has DA approval for 26 residential units, one live-work unit and nine boarding rooms, all self-contained studio style.

The former industrial precinct has undergone a major transformation in recent years and is now a thriving commercial and high density residential hub.

3-5 Arncliffe Street, Wolli Creek.

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