197-199 Princes Highway,
Corrimal, NSW 2518
Shops & Retail • Offices • Showrooms & Large Format Retail
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Key property information
Land area
Floor area
Car spaces
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Map of 197-199 Princes Highway
Rare Freehold Investment
Current rental income is $84,739 pa with a net return of $67,747 pa plus GST. This takes into account for Council Rates, Water Rates, Building Insurance and Land Tax.
5 year lease until February 2018. Occupied by House 2 Home, who specialise in home-wares and gift-wares.
The land area is approximately 588sqm and is virtually boundary to boundary apart from the rear building setback to allow for the parking area. The building has an enormous upper floor about the same size as the ground that nearly doubles the usable building area. The building's roof has been recently and completely replaced - suitable for additional storage, offices etc. The Gross building area is approximately 962sqm with an approximate NLA of 905sqm (Net Lettable Area).
With just under 13 metres of shop frontage, the property enjoy excellent exposure and convenience to the Princes Highway. In addition to the general community parking within the town centre, the property also offers rear lane access with on-site parking of 4 to 5 car spaces ideal for staff, deliveries etc. The property adjoins the ANZ Bank with Coles Supermarket directly across the road.
A very rare opportunity to invest in a freehold commercial property that is leased to a proven and established tenant.
5 year lease until February 2018. Occupied by House 2 Home, who specialise in home-wares and gift-wares.
The land area is approximately 588sqm and is virtually boundary to boundary apart from the rear building setback to allow for the parking area. The building has an enormous upper floor about the same size as the ground that nearly doubles the usable building area. The building's roof has been recently and completely replaced - suitable for additional storage, offices etc. The Gross building area is approximately 962sqm with an approximate NLA of 905sqm (Net Lettable Area).
With just under 13 metres of shop frontage, the property enjoy excellent exposure and convenience to the Princes Highway. In addition to the general community parking within the town centre, the property also offers rear lane access with on-site parking of 4 to 5 car spaces ideal for staff, deliveries etc. The property adjoins the ANZ Bank with Coles Supermarket directly across the road.
A very rare opportunity to invest in a freehold commercial property that is leased to a proven and established tenant.
Additional information
External websites
Property ID: 501192527Last Updated: 3 Oct 2017
197-199 Princes Highway
Corrimal, NSW 2518
MMJ Commercial - Wollongong6-8 Regent Street
WOLLONGONG, NSW 2500
WOLLONGONG, NSW 2500
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