60 & 62 Auburn Road,
Auburn, NSW 2144
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Raine & Horne Commercial - Inner West/South Sydney
4-8 Gladstone StMARRICKVILLE, NSW 2204
04162815...
60 & 62 Auburn Road
Auburn, NSW 2144
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ENOURMOUS POTENTIAL IN PRIME POSITION
Occupying prime position and offering enormous potential on a 611sqm* parcel of land, buyers looking for income with a significant upside should take note of this rare opportunity.
Key Features:
> Currently returning approximately $160,525.30 per annum + GST** from four existing tenancies
> Scope to improve income through simply increasing rents to market
> Underdeveloped 611sqm block of land
> Significant potential to redevelop and reap the rewards
> Zoned B4 Mixed Use
> Within a vibrant shopping strip surrounded by major retailers
> Adjacent to Susan Street council car park
> Ideal position with significant amenity in close proximity being just 450 metres from Auburn train station
* All areas are approximate
** Rents are subject to increases as per the leases. Please refer to the tenancy schedule
Key Features:
> Currently returning approximately $160,525.30 per annum + GST** from four existing tenancies
> Scope to improve income through simply increasing rents to market
> Underdeveloped 611sqm block of land
> Significant potential to redevelop and reap the rewards
> Zoned B4 Mixed Use
> Within a vibrant shopping strip surrounded by major retailers
> Adjacent to Susan Street council car park
> Ideal position with significant amenity in close proximity being just 450 metres from Auburn train station
* All areas are approximate
** Rents are subject to increases as per the leases. Please refer to the tenancy schedule
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Auburn, 2144 demographic data
The median household income for Auburn is $1,533, 26% lower than Greater Sydney's household income of $2,077. Auburn has a younger age profile compared to the rest of Greater Sydney (median age 31 vs 37). Property ownership data shows 50% of property owners in Auburn have a mortgage.
39,333
Population
$1,533 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
Raine & Horne Commercial - Inner West/South Sydney4-8 Gladstone St
MARRICKVILLE, NSW 2204
MARRICKVILLE, NSW 2204
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