89 Park Road Auburn NSW 2144

CBRE, as the exclusive listing agents, are pleased to present 89 Park Road, Auburn. This rare 612sqm* corner block is the first offering in over 100 years and includes lease. Sitting on a R3 Medium Density Residential zoned block, the site provides savvy investors with various potential future options; with the ability to occupy, invest or develop.

Fronting both Park and Union Road, buyers will appreciate the convenient location of the block; sitting within close proximity to a wide-variety of useful amenities, shops, restaurants, public transport options and specialty stores.

The major arterial road of St Hilliers, which is located a mere 5-minute* drive connects commuters to Parramatta Road and more importantly, the Western Motorway (M4), allowing East and West-bound travel across Sydney.

89 Park Road, Auburn benefits from the following key attributes:
- Corner block with lease
- Current three (3) year tenancy schedule of $54,185.50 ending April 2021
- New three (3) year tenancy schedule of $55,293,72 + CPI ending April 2024
- Leased to Sand4U, provider of landscape supplies
- Statutory Outgoings:
- Council Rates: $2,269.15
- Water Rates: $100.32 plus water usage
- Total Outgoings: 100% of outgoings payable by the lessee as set out in the lease
- Site area of approx. 612sqm*
- Zoned on a R3 Medium Density Residential block
- Deceased Estate
- Moments to public transport options and major arterial roads

89 Park Road, Auburn will be sold via a Public Auction on the 23rd of March 2021 at 10:30am at Mezzanine Level,
50 Margaret Street, Sydney NSW 2000 (Livestream and Online Bidding Available)

For more information or to request access to the due diligence room, please contact the exclusive selling agents.