CBRE are excited to present 211-217 Parramatta Road, Auburn. The property represents a great opportunity for investors, developers and owner occupiers who are seeking a large holding along the major arterial Parramatta Road. The subject property is situated a short 4.5km from Sydney’s second CBD; 'Parramatta', Sydney Olympic Park (4km) and Sydney CBD (21km).
The site comprises a clear span warehouse, presenting a unique, value-add opportunity for a developer or occupier, and is conveniently located on the doorstep of Parramatta Rd, and various transport options such as the M92 & 909 bus route (10m), Auburn Train Station (1.3km) and Sydney’s Western Motorway - M4 (1km).
211-217 Parramatta Road, Auburn benefits from the following key attributes:
•DA approved for an 8-storey hotel complex with 97 one-bedroom apartments over 2 levels of basement.
•Clear-span warehouse reaching 4.5m, ideal for owner-occupiers or investors
•Access via roller shutter doors
•Quality ground floor showroom area
•Significant land size of 2,078sqm & Floor Space Ratio of 1:1
•Prime Parramatta Road position
•Exposure to nearby major established businesses like Harvey Norman & Nick Scali Furniture
•Two street frontages: Skarratt St & major Parramatta Road
•Proximity to Auburn Train Station (1.3km), Parramatta CBD (4.5km), Sydney Olympic Park (4km*), and Sydney CBD (21km*)
•Current passing net income of $110,000* + GST per annum with full potential income of $150,000* + GST per annum
211-217 Parramatta Road, Auburn will be sold via a public online auction on the 24th of March 2022 at 2:00 pm.
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx.
Remember to mention you found this property on DevelopmentReady
