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For Sale | Showrooms/Bulky Goods Investment Property

Premium Large Format Retail & Fast Food Investment – ASX Listed Tenants

115 King Street
Warrawong, NSW 2502
Australia
Inquire About This Property
Building Size:
1,394 SQM
Lot Size (SQM):
2099

Cushman & Wakefield’s National Investment Sales team is pleased to present to the market 115 King Street, Warrawong (Wollongong) for Sale via Auction. The property has the following key characteristics: - BCF - Renewed 10 year lease, wholly owned subsidiary of ASX Listed Super Retail Group Ltd (ASX: SUL) with a market cap of $3 Billion & revenues of $2.71 Billion - Super Retail Group, have 670+ stores Australia wide, incl. BCF, Supercheap Auto, Macpac & Rebel Sport - Dominos – Renewed 5 year lease, Global ASX listed pizza chain, Australia’s largest pizza brand with a Market Cap of $3.8 Billion across 9 countries with 2,700 stores - Longstanding tenants in occupation for 15+ years - Prominent 1,394 sqm large format retail showroom with parking for 19 cars in Warrawong’s prime retail precinct - Strategic position next to major retailers including KFC, Harvey Norman, McDonalds, Warrawong Plaza Shopping Mall, The Good Guys & Fantastic Furniture - Warrawong – Premium NSW south coast location 10 km to Wollongong, south of Sydney - Guaranteed rental growth with minimum 2% maximum 4% & CPI annual rent increases - Net Income $373,850 pa + GST The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Wednesday 28 July at 10am at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney NSW 2000. Prospective purchasers and interested parties in this tenanted investment will have access to remote bidding facilities in both Brisbane and Melbourne. Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield. - Illawarra & South East NSW
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