83-85 Market Street,
Wollongong, NSW 2500
Offices • Development Sites & Land
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Tenure type
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Map of 83-85 Market Street
CBD Commercial Multi-tenanted Investment - Estimated Fully Leased Yield 11.27%
Impressive 6 level commercial office building offering an approximate net lettable area of 1,843sqm in desirable and convenient CBD Core location.
Partially leased to various quality tenants including Kells Lawyers.
Leasing the current vacancies will potentially increase the annual net income to over $500,000 per year plus GST. Current net passing income is approximately $307,382 per year plus GST.
83-85 Market Street (site with office building) has a site area of 1,068sqm
92 Market Street offers a vacant and sealed site of 590sqm (approx)
Provides accommodation for additional 21 car spaces for the office building and includes remote controlled boom gate.
Site offers future development potential (STCA).
Total passing net income of $326,284 pa (excl GST)
Estimated fully leased net income of $507,084 pa (excl GST)
Partially leased to various quality tenants including Kells Lawyers.
Leasing the current vacancies will potentially increase the annual net income to over $500,000 per year plus GST. Current net passing income is approximately $307,382 per year plus GST.
83-85 Market Street (site with office building) has a site area of 1,068sqm
92 Market Street offers a vacant and sealed site of 590sqm (approx)
Provides accommodation for additional 21 car spaces for the office building and includes remote controlled boom gate.
Site offers future development potential (STCA).
Total passing net income of $326,284 pa (excl GST)
Estimated fully leased net income of $507,084 pa (excl GST)
Wollongong, 2500 demographic data
The median household income for Wollongong is $1,549, 8% higher than Regional New South Wales's household income of $1,434. Wollongong has a younger age profile compared to the rest of Regional New South Wales (median age 35 vs 43). Property ownership data shows 40% of property owners in Wollongong have a mortgage.
20,446
Population
$1,549 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
83-85 Market Street
Wollongong, NSW 2500
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128 Church Street,Wollongong, NSW 2500 174 m²Offices • Development Sites & Land • Medical & Consulting
