87-89 King Street,
Warrawong, NSW 2502
Showrooms & Large Format Retail • Shops & Retail • Warehouse, Factory & Industrial
Price information
Sale - Auction Tue 17 Sep
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$122,721
Number of Tenants
1 Tenant
Tenants / Type
Large Format Retail
Auction
Private inspections
to arrange a private inspection.
Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh StreetSYDNEY, NSW 2000
87-89 King Street
Warrawong, NSW 2502
Map of 87-89 King Street
Train stations within 5 km of 87-89 King Street, Warrawong, NSW 2502 Distance Port Kembla Station 2 km Port Kembla North Station 2.1 km Cringila Station 2.9 km Lysaghts Station 4.2 km POWERED BY HERE ©Bus stops within 5 km of 87-89 King Street, Warrawong, NSW 2502 Distance King Av Opp Hoskins Av 181 m King Av at Hoskins Av 182 m King Av Opp Kemblawarra Rd 194 m King Av After Kemblawarra Rd 271 m Northcliffe Dr Opp Margaret St 487 m POWERED BY HERE ©
POWERED BY HERE ©
Prime Freestanding Large Format Retail Investment – Longstanding National Tenant of 16+ Years
- Entry level large format investment
- Key 1,271sqm* King Street freehold
- Net Income: $122,721 pa* + GST
Burgess Rawson is pleased to offer to the market Original Mattress Factory (OMF) Warrawong located at 87-89 King Street, Warrawong (Wollongong) NSW for sale via our Investment Auction Portfolio 171.
This opportunity has the following key investment highlights:
+ Renewed lease plus options to 2031 (longstanding national tenant on-site 16+ years)
+ Original Mattress Factory (OMF): National large format retailer & Australia’s largest sleep specialist with 50 retail stores and 2 distribution centres covering 3 states and 1 territory
+ Key LFR precinct, with prime exposure to vital NSW South Coast arterial, King Street with exposure to thousands of vehicles passing daily
+ Strategic and tightly held location surrounded by national and international tenants including McDonalds, The Good Guys, BCF, KFC, The Bayview Centre and the soon to be redeveloped Warrawong Plaza, anchored by Woolworths, ALDI and Coles
+ Positioned on a highly exposed 1,271 sqm* freehold landholding, with 36m* of frontage to King Street, benefiting from 10 valuable on-site parking spaces
+ Easily managed single tenant investment in key NSW South Coast growth area
+ Strong rental upside and investment repositioning potential with no further options after 2031
+ Attractive rent review structures linked to CPI annually (capped at 4%)
+ Warrawong: suburb of Wollongong, a highly sought after location in NSW's South Coast with population forecast to grow by 31.7% to 291,797 by 2046^.
+ Net Income: $122,721 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 17 September 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information.
^ forecast.id
This opportunity has the following key investment highlights:
+ Renewed lease plus options to 2031 (longstanding national tenant on-site 16+ years)
+ Original Mattress Factory (OMF): National large format retailer & Australia’s largest sleep specialist with 50 retail stores and 2 distribution centres covering 3 states and 1 territory
+ Key LFR precinct, with prime exposure to vital NSW South Coast arterial, King Street with exposure to thousands of vehicles passing daily
+ Strategic and tightly held location surrounded by national and international tenants including McDonalds, The Good Guys, BCF, KFC, The Bayview Centre and the soon to be redeveloped Warrawong Plaza, anchored by Woolworths, ALDI and Coles
+ Positioned on a highly exposed 1,271 sqm* freehold landholding, with 36m* of frontage to King Street, benefiting from 10 valuable on-site parking spaces
+ Easily managed single tenant investment in key NSW South Coast growth area
+ Strong rental upside and investment repositioning potential with no further options after 2031
+ Attractive rent review structures linked to CPI annually (capped at 4%)
+ Warrawong: suburb of Wollongong, a highly sought after location in NSW's South Coast with population forecast to grow by 31.7% to 291,797 by 2046^.
+ Net Income: $122,721 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 17 September 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information.
^ forecast.id
Property ID: 504668368Last Updated: 12 Sep 2024
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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Guzman y Gomez, 27 King Street,Warrawong, NSW 2502 276 m²Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land