Blueprint Property is delighted to present this unique opportunity to secure a solid investment, comprising a ground floor commercial premises in the heart of Auburn, 100% leased to Snap Fitness (since 2018) on a new 10 year lease to 2035. The premises comprise 401 square metres of lettable area across five (5) seperate strata titles, plus 27 car spaces and seven (7) storage cages.
Conveniently situated on the northern side of Queen Street, 350 metres from Auburn Central Shopping Mall and Auburn Railway Station, 6 kilometres south east of Parramatta CBD, 17 kilometres west of the Sydney CBD with easy access to major arterial roads including Parramatta Road, St Hilliers Road and the M4 Motorway.
- Commercial asset comprising five (5) ground floor, retail shops across five (5) seperate strata tiles
- Excellent growth prospects in a strong demand location benefiting from ongoing investment
- Good exposure to passing vehicle & pedestrian traffic
- High density residential catchment area
- Bus stop within metres with excellent tranpsort links to Parramatta and Macquarie Park
- Zoning - E1 Local Centre (Cumberland LEP 2021)
- 100% Leased since 2018
- New 10 year lease to August 2035 + Options
- Annual 4% increases
- Market review at year 6 and at option
- $240,600 / Annum Gross Income
- $27,057 / Annum Approximate Outgoings
- $213,543 / Annum Net Income
- Lettable Strata Area: 401sqm
- plus 27 Car Spaces on title
- plus 7 Storage Cages on title
For further details, information memorandum and to arrange an inspection, please contact Lebba Khater.
All information has been provided to Blueprint Property by third parties. We use our best endeavours to ensure that all the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements. Prospective buyers should make their own enquiries to verify the information contained therein. All information displayed is current at the time of issue, but may change at any time.
