138 Princes Highway,
Corrimal, NSW 2518
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Floor area
Map of 138 Princes Highway
Prime High Profile Location - Wollongong Area
138 Princes Highway, Corrimal
A rare and exciting opportunity to purchase a key site with a new 10 year lease to 7-Eleven achieving a gross annual rental return of $175,000 per annum plus GST
The current owner has spent in access of $650,000, refurbishing the building and installing new fibreglass tanks for the incoming lessee providing excellent depreciation allowances
10+5+5 year lease to 7-Eleven (with a commencement date of 19/06/09)
1638m2 site zoned 3(a) General Business
Gross annual income of $175,000 with annual CPI increases
Outgoings include:
Wollongong City Council $10,050
Sydney Water $3,100
Insurance (estimate) $1,500
Land tax (based on SHB) $5,300
Outgoings total = $19,950
Net return = $155,050
A rare and exciting opportunity to purchase a key site with a new 10 year lease to 7-Eleven achieving a gross annual rental return of $175,000 per annum plus GST
The current owner has spent in access of $650,000, refurbishing the building and installing new fibreglass tanks for the incoming lessee providing excellent depreciation allowances
10+5+5 year lease to 7-Eleven (with a commencement date of 19/06/09)
1638m2 site zoned 3(a) General Business
Gross annual income of $175,000 with annual CPI increases
Outgoings include:
Wollongong City Council $10,050
Sydney Water $3,100
Insurance (estimate) $1,500
Land tax (based on SHB) $5,300
Outgoings total = $19,950
Net return = $155,050
Property ID: 5568022Last Updated: 5 Dec 2013
02 4222 72...
138 Princes Highway
Corrimal, NSW 2518
Colliers - WollongongLevel 2, 63 Market Street
WOLLONGONG, NSW 2500
WOLLONGONG, NSW 2500
Contact Agency
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
89 Railway Street,Corrimal, NSW 2518 416 m²Shops & Retail • Development Sites & Land • Offices
