24 Albert Street Corrimal NSW 2518

WHK Commercial are proud to bring to market this incredible parcel of Industrial land in the highly sort after Northern suburbs of the Illawarra Region. Consisting of two properties, 24 Albert Street Corrimal & 51 Bellambi Lane, Bellambi this unique property totals an impressive 8424 sqm of mostly usable and flat General Industrial Land.
The property has increased benefits of having good heavy vehicle access from both Bellambi Lane as well as Albert Street. The property Includes two houses and a metal clad workshop which is approximately 400sqm.
The property is being sold as a going concern with rental income coming from the two houses, the workshop and surrounding hardstand plus a number of month to month short term caravan and truck storage. All leases and hardstand rentals are short term.

SUMMARY:

* Includes 51 Bellambi Lane Bellambi + 24 Albert Street Corrimal
* Total site area 8424 sqm
* Zoned E4 General Industrial
* Prime Large Scale Development Site S .T .C. A
* Includes 2 x Houses - Dual Street Access
* Metal clad workshop/warehouse - 400sqm approx
* Highly sort after Northern Suburbs of The Illawarra
* Building Height 11m
* FSR: 0.5:1
* Currently NETTING approximately $194,910 from short term rentals and leases.
* Scope to increase rental returns

Note: Drone video and photography will be uploaded shortly