8/62-72 Queen StreetAuburn NSW 2144
Property Details for 8/62-72 Queen St, Auburn
Last Listing description (August 2024)
C&A Real Estate is delighted to present to the market Shop 8 / 62 -72 Queen St Auburn.
Positioned on the corner of Park Rd and Queen St Auburn with outstanding exposure to Both streets is this commanding Nepalese restaurant.
Part of the Auburn Central Shopping centre , a busy town centre with a rich multicultural demographic and the largest Nepalese community in western Sydney.
Currently tenanted by Sambandha Nepalese Restaurant who have built a strong reputation of providing high quality food and have established a strong following since 2017 in Auburn of providing Authentic Nepalese food in a vibrant modern setting.
- Established Ground floor Restaurant
- Prime Location on the corner of Queen St & Park Rd
- Outstanding exposure to both Queen St & Park Rd with plenty of passing foot and Vehicular traffic
- Excellent Signage opportunity
- Part of Auburn central shopping centre enjoying town centre location
- Surrounded by major retailers such as Woolworths , Aldi, Anytime Fitness , Oliver Brown & other specialty shops
- Five (5) year lease with Five (5) year option commenced June 2021
- Circa 6% Nett return
Property History for 8/62-72 Queen St, Auburn, NSW 2144
- 05 Jun 2024Sold for $1,650,000
- 02 Apr 2024Listed for Sale $1,990,000
- 25 Nov 2022Listed for Sale $1,990,000
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0About Auburn 2144
The size of Auburn is approximately 8.6 square kilometres. It has 38 parks covering nearly 11.7% of total area. The population of Auburn in 2011 was 33,122 people. By 2016 the population was 37,372 showing a population growth of 12.8% in the area during that time. The predominant age group in Auburn is 20-29 years. Households in Auburn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Auburn work in a trades occupation. In 2011, 53.9% of the homes in Auburn were owner-occupied compared with 47.6% in 2016.
Auburn has 14,681 properties. Over the last 5 years, Houses in Auburn have seen a 67.67% increase in median value, while Units have seen a 8.38% increase. As at 31 October 2024:
- The median value for Houses in Auburn is $1,370,370 while the median value for Units is $553,842.
- Houses have a median rent of $670 while Units have a median rent of $600.
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