Lot 73/19 Market Street,
Wollongong, NSW 2500

Superior investment opportunity located moments from Wollongong's CBD, pristine beaches and restaurants. Spacious and modern conference room leased to Adina until 2018 with two five year options with excellent occupancy rate. Featuring two spacious meeting rooms with outdoor terrace area or the potential of three separate conference rooms. Male, female and disabled toilets plus 60sqm parking also on title. Modern complex completed in 2008 with pool facilities, gym and sauna. Excellent investment opportunity or potential superannuation scheme in a prominent location and superior complex. Auction on-site unless sold prior.

Features:

* Large modern conference room or meeting venue
* Potential to offer as 3 separate rooms plus terrace
* Currently leased to Adina Hotels with ongoing lease
* Modern built complex with 72 serviced apartments
* Moments to CBD, shops, beaches and restaurants

Total Size: 422sqm (approx.)

Base Return: $13,840.00pq (approx.)*

* Based on December 2013 quarterly distribution