Wollongong CBD Investment | First Time on Offer in Over 2 Decades
This exceptional commercial property is strategically located on Crown Street, Wollongong's most prominent thoroughfare. Offering unmatched visibility and accessibility, just moments from Wollongong Central and adjacent to the upcoming WIN Grand development, the property benefits from significant vehicular exposure and high foot traffic, making it an ideal investment for those seeking strong returns and long-term growth.
The vibrant atmosphere of Crown Street ensures constant activity, a dynamic that will be further amplified by nearby development. This project is set to enhance the area's appeal, attract more visitors to Wollongong, and drive future growth.
Currently fully leased to three tenants across the retail and dining sectors, the property offers stable income. The property currently generates an annual gross income of $184,342* + GST P.A. and a net return of $157,104* + GST P.A.
Property Highlights:
- Land Area: 290m2*
- Total Floor Area: 402m2*
- Zoning: E2 Commercial Centre under Wollongong City Council LEP
- Current Net Rental: $157,104* + GST P.A.
- Leased to established operators, providing steady cash flow
- Prime location with high exposure to vehicular and foot traffic with close proximity to key attractions and amenities
- Future potential enhanced by nearby developments and high-growth commercial activity in Wollongong's CBD
- First time offered for sale in over 2 decades
For more information or to arrange an inspection, please contact the exclusive selling agent.
