138 Princes Highway,
Corrimal, NSW 2518
Shops & Retail
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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
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