Lot 73/19 Market Street,
Wollongong, NSW 2500

Offices • Hotel, Motel & Leisure

Detailed listing

Key property information

Land area

Floor area

Car spaces

Tenure type

Sold on

Map of Lot 73/19 Market Street

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Investment Opportunity

Superior investment opportunity located moments from Wollongong's CBD, pristine beaches and restaurants. Spacious and modern conference room leased to Adina until 2018 with two five year options with excellent occupancy rate. Featuring two spacious meeting rooms with outdoor terrace area or the potential of three separate conference rooms. Male, female and disabled toilets plus 60sqm parking also on title. Modern complex completed in 2008 with pool facilities, gym and sauna. Excellent investment opportunity or potential superannuation scheme in a prominent location and superior complex. Auction on-site unless sold prior.

Features:

* Large modern conference room or meeting venue
* Potential to offer as 3 separate rooms plus terrace
* Currently leased to Adina Hotels with ongoing lease
* Modern built complex with 72 serviced apartments
* Moments to CBD, shops, beaches and restaurants

Total Size: 422sqm (approx.)

Base Return: $13,840.00pq (approx.)*

* Based on December 2013 quarterly distribution

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

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Most households

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