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Sold on 28 Jul 2021

115 King Street Warrawong NSW 2502

  • Showrooms / Bulky Goods
  • 1,394 m²
  • Sold

Premium Large Format Retail & Fast Food Investment ASX Listed Tenants

  • ASX Listed Tenants
  • High Profile 2,099 sqm Landholding
  • Net Income $373,850 pa + GST

Cushman & Wakefield's National Investment Sales team is pleased to present to the market 115 King Street, Warrawong (Wollongong) for Sale via Auction.

The property has the following key characteristics:

- BCF - Renewed 10 year lease, wholly owned subsidiary of ASX Listed Super Retail Group Ltd (ASX: SUL) with a market cap of $3 Billion & revenues of $2.71 Billion
- Super Retail Group, have 670+ stores Australia wide, incl. BCF, Supercheap Auto, Macpac & Rebel Sport
- Dominos Renewed 5 year lease, Global ASX listed pizza chain, Australia's largest pizza brand with a Market Cap of $3.8 Billion across 9 countries with 2,700 stores
- Longstanding tenants in occupation for 12+ years
- Prominent 1,394 sqm large format retail showroom with parking for 19 cars in Warrawong's prime retail precinct
- Strategic position next to major retailers including KFC, Harvey Norman, McDonalds, Warrawong Plaza Shopping Mall, The Good Guys & Fantastic Furniture
- Warrawong Premium NSW south coast location 10 km to Wollongong, south of Sydney
- Guaranteed rental growth with minimum 2%, maximum 4% & CPI annual rent increases
- Net Income $373,850 pa + GST

The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Wednesday 28 July at 10am.

Interested parties based in New South Wales will have access to our Live Stream and Online Bidding Platform strictly via prior arrangement.

Interstate Live Stream and Bidding Facilities will be available at the below Venues;

Brisbane - Dexus Place Waterfront Place, Level 31, 1 Eagle Street, Brisbane
Melbourne - Dexus Place - Level 14, 385 Bourke Street, Melbourne

Should you hold interest in bidding on the asset from one of these locations or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.

Geoff Sinclair
Cushman & Wakefield Sydney
Geoff Sinclair
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney

Property Highlights

Property ID2017092975
Date Sold28 Jul 2021
Floor Area1,394 m²
Land Area2,099 m²
Parking19 x Onsite parkings
Building TypeWhole building
Category
Last updated  4 Aug 2021
Map for 115 King Street Warrawong NSW 2502
Map for 115 King Street Warrawong NSW 2502115 King Street Warrawong NSW 2502
Geoff Sinclair
Cushman & Wakefield Sydney
Geoff Sinclair
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney

Property Highlights

Property ID2017092975
Date Sold28 Jul 2021
Floor Area1,394 m²
Land Area2,099 m²
Parking19 x Onsite parkings
Building TypeWhole building
Category
Last updated  4 Aug 2021
Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000
Geoff Sinclair
Cushman & Wakefield Sydney
Geoff Sinclair
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Geoff Sinclair

Geoff Sinclair

Cushman & Wakefield Sydney

Yosh Mendis

Yosh Mendis

Cushman & Wakefield Sydney

0451 *** ***
0451 462 759

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