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Colliers International - Sydney

141 Crown Street Wollongong, NSW 2500

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141 Crown Street,
Wollongong, NSW 2500

Offices • Shop & Retail

Price information

Sale

Please contact agent

Key property information

Land area

Floor area

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$340,000
Number of Tenants
1 Tenant
Tenants / Type
Commonwealth Bank

Private inspections

to arrange a private inspection.

Colliers International - Sydney
141 Crown Street
Wollongong, NSW 2500
Colliers International - Sydney
Jonas Marcelo
Harry Bui

Colliers International - Sydney

Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000

Map of 141 Crown Street

Directions
  • Train stations within 5 km of 141 Crown Street, Wollongong, NSW 2500Distance
    Wollongong Station689 m
    North Wollongong Station1.5 km
    Coniston Station1.7 km
    Fairy Meadow Station3.4 km
    Lysaghts Station3.8 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 141 Crown Street, Wollongong, NSW 2500Distance
    Burelli St at Simpson Pl69 m
    Burelli St Opp Simpson Pl115 m
    Burelli St Opp Wollongong Central151 m
    Wollongong Central Shopping Centre, Burelli St217 m
    Illawarra Performing Arts Centre, Burelli St257 m
    POWERED BY HERE ©
POWERED BY HERE ©

Brand new 7 year lease to CBA | Will Be Sold

  • Blue Chip Investment
  • New 7 year net lease until 2027
  • Double net lease structure
Colliers International is excited to bring to the market shortly this flagship Commonwealth Bank (CBA) HQ in the absolute core of the Wollongong CBD, with the benefit of double retail frontage to Crown Street Mall.

Built new in 2012, this property is located at 141 Crown Street, Wollongong NSW. The property comprises a high quality 3 level building including secure parking which is 100% leased to CBA, the biggest bank amongst the four major Australian banks.

Additional investment highlights are outlined below:

- 100% leased to top 2 ASX listed company, Commonwealth Bank of Australia (CBA)
- Special built for CBA in 2012 with column free throughout the building
- Central CBD 569 sqm site with high quality column free 858 sqm NLA building over 3 levels
- Premium CBA fit-out with 10 secure basement parking plus 2 onsite car parking and numerous bicycle racks
- Adjacent to NAB, ANZ, St George, Westpac, Australia Post, Woolworths, David Jones
- New 7 year lease to expire in December 2027 plus options to 2033
- Significant depreciation benefits
- Private internal lift access via car parking to the office
- Solar Panels across the entire roof of the Building installation 8 months prior
- Huge Depreciation Allowances over a 40 year period
- The subject property falls within a region of Wollongong CBD that has a 48 metre height limit offering a future high density redevelopment opportunity via site amalgamation.
- Net income: $340,000 per annum + all outgoings payable by the tenant
- Fixed annual increase: 3%

The property is being offered for Sale via Auction on Thursday 8 October at 10:30am at level 5, 1 Margaret Street, Sydney. Online bidding is available upon request.

Property ID: 503454446Last Updated: 23 Sep 2020

Agency contacts

Colliers International - Sydney
Colliers International - Sydney
Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
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Jonas Marcelo

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Jonas Marcelo
Colliers International - Sydney
141 Crown Street Wollongong, NSW 2500

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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