Saturday, 2 February 2008

Office block for sale

The prominently located six-level office block with frontages to Macquarie, Charles and Union streets, in the eastern part of the Parramatta CBD, is for sale, through Colliers International. The estimated potential net income when fully leased is $1.4 million. The total site area is 2230 square metres with a net lettable area of 5392 square metres. Parking for 164 cars.


Club faces first loss in 30 years

Parramatta Leagues Club CEO, Denis Fitzgerald, said smoking bans and poker machine tax – “we are now paying about $7 million more per year in poker machine tax than we were before the first of four rises” – were behind the club recording its first loss in 30 years. He said the club could not fund a mooted fifth Australian Super rugby team based in Western Sydney. He said, also, the Parramatta Stadium Trust was not in a position to be a promoter or entrepreneur.