8-10 George Street,
Warilla, NSW 2528
Shops & Retail • Offices
Price information
Sold
$1,400,000
Key property information
Floor area
Car spaces
Tenure type
Sold on
Map of 8-10 George Street
A Solid Diversified Income
A solid investment; prosperous and diversified income, and development potential in a central and sought after location.
Moments from the beach and Stockland Mall, the prestigious Shellharbour precinct is a location that is experiencing rapid growth, which is set to continue.
Zoning allows for a mix of residential and commercial, the layout provides for multiple leases or strata titling, and the car park is significant.
This building represents a unique and flexible opportunity to make a substantial return on your investment right now and make ambitious plans for the future by strata titling, renovating or redeveloping (STCA).
Parking:
24 parking spaces at the rear of the building off McKeon Lane.
Location:
George Street is a busy thoroughfare in Warilla's CBD. Only 100m from a major arterial road, 1km from Warilla Beach, 2.4km to Stockland Shellharbour and 15km from Wollongong CBD.
The building is anchored by IMB Building Society on one side and Australia Post on the other and surrounded by other quality and well-established businesses.
Tenancies:
There are currently 8 leases with the majority having established and thriving businesses. There is the provision for 11 separate tenancies over the 2 buildings.
Return:
Current total return (excl. GST) is $133,385.86 representing an approx. yield from 9%
Potential total return (excl. GST) is $163,085.86 representing an approx. yield from 11%
Access:
The buildings' frontage sits on George Street, highly visible to both foot and vehicle traffic. There is rear access to all ground floor shop fronts from McKeon Lane.
Buildings:
Two identical buildings approximately 25 years old. Two-storey solid brick constructed with a suspended concrete slab with brick internal walls and a new flat metal roof. Constructed on 2 x 601.3sqm allotments with separate titles and 24 car spaces in the rear.
Both consisting of three ground floor retail shops and the first floor divided into three offices with shared kitchen and bathroom facilities.
Land Dimensions: 30.48m frontage x 39.6m side boundaries
Zoning: B2 Local centre for mixed retail/commercial/residential with 1.5:1 FSR and a 12m Height Limit.
Agents interest declared
Moments from the beach and Stockland Mall, the prestigious Shellharbour precinct is a location that is experiencing rapid growth, which is set to continue.
Zoning allows for a mix of residential and commercial, the layout provides for multiple leases or strata titling, and the car park is significant.
This building represents a unique and flexible opportunity to make a substantial return on your investment right now and make ambitious plans for the future by strata titling, renovating or redeveloping (STCA).
Parking:
24 parking spaces at the rear of the building off McKeon Lane.
Location:
George Street is a busy thoroughfare in Warilla's CBD. Only 100m from a major arterial road, 1km from Warilla Beach, 2.4km to Stockland Shellharbour and 15km from Wollongong CBD.
The building is anchored by IMB Building Society on one side and Australia Post on the other and surrounded by other quality and well-established businesses.
Tenancies:
There are currently 8 leases with the majority having established and thriving businesses. There is the provision for 11 separate tenancies over the 2 buildings.
Return:
Current total return (excl. GST) is $133,385.86 representing an approx. yield from 9%
Potential total return (excl. GST) is $163,085.86 representing an approx. yield from 11%
Access:
The buildings' frontage sits on George Street, highly visible to both foot and vehicle traffic. There is rear access to all ground floor shop fronts from McKeon Lane.
Buildings:
Two identical buildings approximately 25 years old. Two-storey solid brick constructed with a suspended concrete slab with brick internal walls and a new flat metal roof. Constructed on 2 x 601.3sqm allotments with separate titles and 24 car spaces in the rear.
Both consisting of three ground floor retail shops and the first floor divided into three offices with shared kitchen and bathroom facilities.
Land Dimensions: 30.48m frontage x 39.6m side boundaries
Zoning: B2 Local centre for mixed retail/commercial/residential with 1.5:1 FSR and a 12m Height Limit.
Agents interest declared
Property ID: 501174131Last Updated: 14 Oct 2014
8-10 George Street
Warilla, NSW 2528
Bevans Wollongong - Wollongong94 Market Street
WOLLONGONG, NSW 2500
WOLLONGONG, NSW 2500
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1 & 4/144 Shellharbour Road,Warilla, NSW 2528 1590 m²Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
