CBRE, as the exclusive selling agent, are delighted to present for sale for the first time in over 23 years, 22-24 Auburn Road, Auburn; A once-in-a-lifetime secure investment opportunity to acquire a two (2) level commercial freehold building occupying a prominent corner position situated in the heart of Auburn CBD. Underpinned by a lease to Westpac Banking Corporation.
Representing an outstanding opportunity for astute investors, occupiers as well as developers. Commanding a prominent location situated on the corner of Auburn Road & Queen Street, Auburn’s main thoroughfare through its large volume of foot and vehicular traffic. This commercial asset will be one of the most sought after in 2024.
Location: Auburn is a major inner west growth suburb within Metropolitan Sydney.
20km* west of Sydney CBD & 6km* East of Parramatta CBD. Close vicinity to all essential amenity i.e. Schools, Hospitals, Western Sydney University.
Situated moments from Sydney’s major arterial roads, Parramatta Road, Olympic Drive, Centenary Drive, Cumberland Highway, James Ruse Drive, Woodville Road, Great Western Highway & minutes to the M4 Motorway.
Arguably the busiest commercial enterprise hub in the Sydney Metropolitan region which accommodates national and international brand heavy weights including: Costco, Harvey Norman, Woolworths, Bunnings Warehouse etc.
22-24 Auburn Road, Auburn was purposely built for Westpac and owned by Westpac up until 2001. Westpac is Australia’s first bank and oldest company, one of the four (4) major banking organisations in Australia and one of the largest banks in New Zealand. Established in 1817 as the Bank of New South Wales, the company changed its name to Westpac Banking Corporation in 1982. Westpac provides a broad range of consumer, business and institutional banking and wealth management services through a portfolio of financial services brands and businesses.
The property will attract several buyers because of its many key attributes, including:
• Building Area: 715sqm*
• Site Area: 460sqm*
• Zoned: E1: Local Centre
• Floor Space Ratio 5:1
• Height of Building: 55 metres
• Current passing income per annum: $323,224* + GST
• Versatile and functional floor plan layout providing natural light throughout
• Corporate style, open floor plans, full staff amenities & kitchenette facilities.
• The efficient floor design and side core layout ensures that the building is adaptable for multiple tenancies.
• The building itself has been extensively refurbished providing a high-quality work environment for the next generation of office users.
• Full staff amenities
• Substantial value-add opportunities including rental reversion, conversion or future development (STCA)
• Spectacular pedestrian frontages and high-profile location.
• Auburn offer Sydneysiders a rich mix of dining, cultural entertainment, retail, nightlife and leisure experiences.
• This existing dynamism is firmly supported by Parramatta's position as the 6th largest GDP of Australia, enjoying constant federal and state level investments which will only enhance this location's appeal.
• More than $35 billion in infrastructure investment occurring in Western Sydney, from which Auburn will be a major benefactor.
• Situated on the door step of Auburn Railway Station & Bus services
• Ideal for: Lawyers, doctors, community & religious groups, training organisations, accountants, developers, architects & many more.
• No GST payable
22-24 Auburn Road, Auburn will be sold via Auction commencing at 3:00pm (AEST), on Tuesday 24th of September, 2024. (Level 4, 10-14 Smith Street, Parramatta).
For additional information or to request access to the due diligence room, please contact the exclusive CBRE selling agent:
Robert Dowdy: 0499 007 000
Remember to mention you found this property on CommercialReady
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