7 Russell Street,
Corrimal, NSW 2518
Shops & Retail • Medical & Consulting • Offices
Key property information
Floor area
Car spaces
Tenure type
Sold on
Colliers Wollongong Pty Limited -
Level 2, 63 Market StreetWOLLONGONG, NSW 2500
7 Russell Street
Corrimal, NSW 2518
Map of 7 Russell Street
G03 | Last Unit Remaining to Purchase
We are pleased to present this rare opportunity to purchase one, two or three strata retail investments in Corrimal CBD.
Unit G03 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:
• G03 - Last unit remaining to purchase
• Gross rental: $51,960 + GST P.A.*
• Net rental: $44,346 + GST P.A.*
• Great entry investment opportunity
• High exposure location
• Zoned E1 Local Centre under Wollongong City Council LEP
Shop details are broken down below:
Shop G03 | UNDER OFFER
• Price Guide: $680,000 | 6.5% Net Yield
• Final suite remaining
• Tenant: House of Brows
• Floor area: 128m2*
• Lease expires March 2032
• No option
Shop G01 | SOLD
• Tenant: Elite Supplements
• Floor area: 47m2*
• Lease expires May 2025
• Option: 1 x 3 year term
Shop G04 | SOLD
• Tenant: Supercare Dental
• Floor area: 87m2*
• Lease expires January 2029
• Option: 1 x 7 year term
*Approx
Unit G03 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:
• G03 - Last unit remaining to purchase
• Gross rental: $51,960 + GST P.A.*
• Net rental: $44,346 + GST P.A.*
• Great entry investment opportunity
• High exposure location
• Zoned E1 Local Centre under Wollongong City Council LEP
Shop details are broken down below:
Shop G03 | UNDER OFFER
• Price Guide: $680,000 | 6.5% Net Yield
• Final suite remaining
• Tenant: House of Brows
• Floor area: 128m2*
• Lease expires March 2032
• No option
Shop G01 | SOLD
• Tenant: Elite Supplements
• Floor area: 47m2*
• Lease expires May 2025
• Option: 1 x 3 year term
Shop G04 | SOLD
• Tenant: Supercare Dental
• Floor area: 87m2*
• Lease expires January 2029
• Option: 1 x 7 year term
*Approx
Corrimal, 2518 demographic data
The median household income for Corrimal is $1,508, 5% higher than Regional New South Wales's household income of $1,434. Corrimal has a younger age profile compared to the rest of Regional New South Wales (median age 41 vs 43). Property ownership data shows 46% of property owners in Corrimal have a mortgage.
6,972
Population
$1,508 per week
Median household income
41 years
Median age
Owners
Most residents
Families
Most households
Colliers Wollongong Pty Limited - Level 2, 63 Market Street
WOLLONGONG, NSW 2500
WOLLONGONG, NSW 2500
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