Premium Location: Wollongong Commercial Investment

Lot 47/22 Market Street
WOLLONGONG NSW
Listing ID:
FRHLD Market St
Price
$1,980,000
Category:
Retail
Area:
650 Sq m

Description

Comelli Commercial Present this unique opportunity in the heart of Wollongong.
The property consists of 653 square metres of prime commercial space in one of the most prominent positions in the CBD of Wollongong. The property is surrounded by many mixed use developments incorporating retail operations and hundreds of residential units. It is on the busiest restaurant strip and offers the prospective tenant unprecedented exposure.

The property is located on the corner of Corrimal and Market Streets, Wollongong, minutes from the Wollongong Entertainment Centre, Wollongong Performing Arts Centre, St George Illawarra Dragons Football Stadium, City Beach and the newly renovated Wollongong Central Shopping Centre.

Seating Capacity:
The balcony can accommodate 120 and the indoor capacity of the restaurant is in excess of 140.

Balcony:
The balcony surrounding the restaurant is registered for their exclusive use.

Car parking:
Registered on title is underground parking for nine cars.

Lease:
New 3 x 3 or 5 x 5 lease available.

Rent:
The annual projected rent is $165,000 plus GST plus outgoings.

Projected Outgoings:
Strata levies $2,700 per quarter (ave)
Water $1,200 per quarter (ave)
Council rates $450 per quarter


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