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2-4 Peterborough Avenue, Lake Illawarra, NSW 2528

2-4 Peterborough Avenue, Lake Illawarra, NSW 2528

Retail Offices

  • Sold $5,615,000
  • Wed 21-Feb-18

  • Land Area
  • 1750.00 m² (approx)
  • Floor Area
  • 1 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 24, 2018

Interested in this property? Contact an Agent today

Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street

Sydney NSW 2000

Darren Beehag

15 Year Lease + Options to 2040 Built New 2015 – Excellent 4% Annual Rent Increases

15 year lease from December 2015 plus options
Highly visible prime corner south coast position – one hour south of Sydney
Site area of 1,750 sqm with wide 94 metre street frontage (incl. 52 metres to highway)
Impressive state-of-the-art 7-Eleven including fuel & convenience store
Strategic location at centre of sprawling Wollongong & Shellharbour urban areas (combined population 281,712)
250 metres from Warilla Grove Shopping Centre
As new improvements attracting major depreciation benefits
Superior net lease with tenant paying all usual outgoings, excluding land tax
4% pa rent increases escalating to $550,000 pa + GST in 2030
Net Income: $328,508 pa + GST (as at Dec. 2017)

2-4 Peterborough Avenue, Lake Illawarra, NSW 2528

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