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Colliers - Wollongong

234-236 Crown Street Wollongong, NSW 2500

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234-236 Crown Street,
Wollongong, NSW 2500

Shops & Retail • Offices • Other
Added 1 day ago

Price information

Sale - Expression of Interest

EOI | Closing Thursday, 12 December at 4PM (AEDT)

Key property information

Land area

Floor area

Tenure type

Private inspections

to arrange a private inspection.
Colliers - Wollongong
Simon Kersten
Taleah Thomas

Colliers - Wollongong

Level 2, 63 Market Street
WOLLONGONG, NSW 2500
Colliers - Wollongong
234-236 Crown Street
Wollongong, NSW 2500

Map of 234-236 Crown Street

Directions
  • Train stations within 5 km of 234-236 Crown Street, Wollongong, NSW 2500Distance
    Wollongong Station424 m
    North Wollongong Station1.4 km
    Coniston Railway Station1.6 km
    Illawarra Live Steamers1.7 km
    Fairy Meadow Station3.4 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 234-236 Crown Street, Wollongong, NSW 2500Distance
    Crown St Before Keira St12 m
    Crown St After Keira St71 m
    Wollongong Central, Kiera St78 m
    Burelli St After Keira St149 m
    Wollongong Central Shopping Centre, Burelli St212 m
    POWERED BY HERE ©
POWERED BY HERE ©

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 $178,881* + GST P.A. and a net return of $157,587* + GST P.A.

For Sale by Expressions of Interest closing Thursday, 12 December at 4PM (AEDT).

Property Highlights:
• Land Area: 290m2*
• Total Floor Area: 402m2*
• Zoning: E2 Commercial Centre under Wollongong City Council LEP
• Current Net Rental: $157,587* + 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.

*Approx.

Property ID: 504737316Last Updated: 14 Nov 2024

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