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191-193 Princes Highway
Corrimal NSW 2518
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Sold on 23 Jul 2014

191-193 Princes Highway Corrimal NSW 2518

  • Shop & Retail
  • 639 m²
  • Sold

Sold Investment with Renewed Lease

Current rental income is $100,800 pa with a net return of $85,112 pa plus GST. This takes into account for Council Rates, Water Rates, Building Insurance and Land Tax.

5 year lease until September 2018. Occupied by Rockmans, a women's clothing and fashion store who are well established in this location.

The land area is approximately 639sqm and is virtually boundary to boundary apart from the rear building setback to allow for the parking area. The building has an upper floor suitable for additional storage, offices etc. the total lettable area is approximately 626sqm

The property enjoys excellent exposure and convenience to the Princes Highway. In addition to the general community parking within the town centre, the property also offers rear lane access with on-site parking of 4 to 5 car spaces ideal for staff, deliveries etc. The property adjoins the ANZ Bank with Coles Supermarket directly across the road.

A very rare opportunity to invest in a freehold commercial property that is leased to proven and established tenant.

AUCTION

Auction date and time23/07/2014 18:00
Auction locationWollongong Golf Club

Property Highlights

Date Sold23 Jul 2014
Floor AreaAsk Agent
Land Area639 m²
ParkingAsk Agent
Virtual TourView Tour
Property ID2011262220
Category
Last updated  3 Oct 2017
Map for 191-193 Princes Highway Corrimal NSW 2518

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Property Highlights

Date Sold23 Jul 2014
Floor AreaAsk Agent
Land Area639 m²
ParkingAsk Agent
Virtual TourView Tour
Property ID2011262220
Category
Last updated  3 Oct 2017

Co-Agents

Tim Jones
Tim Jones
MMJ Wollongong
Call
0409 456 299
Travis Machan
Travis Machan
MMJ Wollongong
Call
0447 300 800

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