7 Russell Street,
Corrimal, NSW 2518
Shops & Retail • Medical & Consulting • Offices
Price information
Sale - Auction Fri 21 Jun
Auction
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Colliers - Wollongong
Level 2, 63 Market StreetWOLLONGONG, NSW 2500
7 Russell Street
Corrimal, NSW 2518
Map of 7 Russell Street
Train stations within 5 km of 7 Russell Street, Corrimal, NSW 2518 Distance Corrimal Station 949 m Towradgi Station 1.5 km Bellambi Station 1.6 km Fairy Meadow Station 2.6 km Woonona Station 3 km POWERED BY HERE ©Bus stops within 5 km of 7 Russell Street, Corrimal, NSW 2518 Distance Corrimal Memorial Park, Princes Hwy 68 m Princes Hwy After Railway St 157 m Railway St at Bertram Lane 202 m Living Hope Baptist Church, Princes Hwy 207 m Princes Hwy After Collins St 214 m POWERED BY HERE ©
POWERED BY HERE ©
Multiple Investment Opportunities | Purchase 1, 2 or 3
We are pleased to present this rare opportunity to purchase one, two or three strata retail investments in Corrimal CBD, by way of Public Auction.
Each unit is currently leased, offering immediate income and a hassle-free investment. Whether you are seeking a stable addition to your property portfolio, or aiming to enter the commercial investment market, this is the perfect opportunity to secure an investment in a highly desirable location.
Property Highlights:
• Gross rental: $121,793.85 + GST P.A.
• Net rental: $108,162.73 + GST P.A.
• Great entry investment opportunity
• High exposure location
• Multiple shops available, purchase 1, 2 or 3
• Zoned E1 Local Centre under Wollongong City Council LEP
Shop details are broken down below:
Shop G01
• Tenant: Elite Supplements
• Floor area: 47m2*
• Lease expires May 2025
• Option: 1 x 3 year term
Shop G03
• Tenant: House of Brows
• Floor area: 128m2*
• Lease expires March 2032
• No option
Shop G04
• Tenant: Supercare Dental
• Floor area: 87m2*
• Lease expires January 2029
• Option: 1 x 7 year term
*Approx.
Each unit is currently leased, offering immediate income and a hassle-free investment. Whether you are seeking a stable addition to your property portfolio, or aiming to enter the commercial investment market, this is the perfect opportunity to secure an investment in a highly desirable location.
Property Highlights:
• Gross rental: $121,793.85 + GST P.A.
• Net rental: $108,162.73 + GST P.A.
• Great entry investment opportunity
• High exposure location
• Multiple shops available, purchase 1, 2 or 3
• Zoned E1 Local Centre under Wollongong City Council LEP
Shop details are broken down below:
Shop G01
• Tenant: Elite Supplements
• Floor area: 47m2*
• Lease expires May 2025
• Option: 1 x 3 year term
Shop G03
• Tenant: House of Brows
• Floor area: 128m2*
• Lease expires March 2032
• No option
Shop G04
• Tenant: Supercare Dental
• Floor area: 87m2*
• Lease expires January 2029
• Option: 1 x 7 year term
*Approx.
Property ID: 504585884Last Updated: 14 May 2024
Colliers - WollongongLevel 2, 63 Market Street
WOLLONGONG, NSW 2500
WOLLONGONG, NSW 2500
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