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Sold on 30 Jul 2019

4/123-125 Corrimal Street Wollongong NSW 2500

  • Retail
  • 307 m²
  • Sold

Commercial Investment

Long standing Liquorland site, over 35 years trading history.
Large strata title area 307 square meters.
Includes driveway for convenient drive in service.
Strategic CBD location on popular restaurant strip.
Lease to 2022 plus options to 2037.
Annual CPI increases.
Easily managed premium tenant investment.
The area is also surrounded by high rise residential towers, WIN Entertainment Centre, Illawarra Performing Arts precinct, Wollongong City Council offices major supermarkets and the Steelers Club.
The current annual rental income is $104,207 (plus GST) with CPI increases every year.
Outgoings average at $27,000 per annum.

Property Highlights

Property ID2015119520
Date Sold30 Jul 2019
Floor Area307 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  23 May 2019
Map for 4/123-125 Corrimal Street Wollongong NSW 2500
Comelli Commercial Business & Property Sales
Suit 7, 50 Crown St Wollongong NSW 2500

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