335 & 337 Crown Street WOLLONGONG NSW 2500
Forth Coming Auction

DESCRIPTION

An exceptional chance to secure two freehold properties in one of Wollongong’s busiest commercial corridors. 335 & 337 Crown Street will be sold in one line, presenting a Great Location, Great Tenants, and a Great Investment Opportunity.

• Prime Location – Positioned on a high-traffic city thoroughfare, in the Central Business District just moments from Wollongong Central.
• Unbeatable Connectivity – Wollongong Train Station is directly at the rear, providing seamless access for commuters and potential customers.
• Secure Rental Income – Three tenants currently occupying four tenancies, ensuring a diverse rental profile.
• Fully Leased Asset – 337 Crown Street is leased entirely to a single, established tenant.
• Future Potential – Strong redevelopment or repositioning opportunities (STCA) due to its prime positioning and exposure.
• Maximum Visibility – Crown Street is a major connector road with a constant flow of vehicles and pedestrians, enhancing business exposure.

Property Details
• High exposure, multi tenanted site.
• 335 Crown St Land Area – 292 sqm approx.
• 337 Crown St Land Area – 350 sqm approx.
• Total Site Area – 643 sqm approx.
• Frontage – 15.5m approx.
• FSR - 1.5:1
• Lot Details – Lot A & B DP 400191
• Zoning – E2 Commercial Centre
• Current Gross Income – $144 699.05 pa + GST

Outgoings
• 335 Crown St Outgoings
- Council Rates: $5,507.96 pa
- Water Rates: $596.92 pa + Usage
• 337 Crown St Outgoings
- Council Rates: $4,278.16 pa
- Water Rates: $596.92 pa (Usage paid by Tenant)

Whether you're an investor seeking immediate income or a developer looking for long-term upside, this is an opportunity not to be missed.