An unrivalled opportunity to acquire a high profile CBD fringe Freehold investment with additional development potential, the subject site is being offered for sale by EOI. ( Closing 8th of June 2021 )
• Total NLA of 1855.21m2* with 328m2* floor plates Levels 1-5 • Functional 6 level building with multiple tenancies • High profile corner site with 2 street frontages • Offered as a going concern with key tenancies including ( Illawarra Area Health , Atwork , Illawarra Cardiology, Amplifon Hearing Centre & Illawarra Diabetes Clinic ) • Annual passing income $637,793 gross & $487,722 net ( fully leased ) • Located across the road from Wollongong Railway Station • Short walk to Crown Central Mall shopping precinct & eateries • Surrounded by key infrastructure being Wollongong Hospital, Wollongong Private Hospital & GPT complex • Secure gated parking for 20 vehicles with additional public parking facilities under 100m away. • Zoned Commercial core the site can be further developed by approximately 1100m2* (SCTA ) - concept plans available upon request.
* indicates approximate & will require individual verification
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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