• For Sale
  • Other
Blue Chip Investment in a tightly held location
Blue Chip Investment in a tightly held location
Blue Chip Investment in a tightly held location
Blue Chip Investment in a tightly held location
Blue Chip Investment in a tightly held location
Blue Chip Investment in a tightly held location
Blue Chip Investment in a tightly held location
Blue Chip Investment in a tightly held location
Blue Chip Investment in a tightly held location
Colliers International is excited to present to the market this flagship Commonwealth Bank (CBA) HQ in the absolute core of the Wollongong CBD, with the benefit of double retail frontage to Crown Street Mall. Built new in 2012, this property is located at 141-145 Crown Street, Wollongong NSW. The property will be offered for sale via Private Treaty.

The property comprises a high quality 3 level building including secure parking which is 100% leased to CBA, the biggest bank amongst the four major Australian banks.

Additional investment highlights are outlined below:

• Special built for CBA since 2012
• Central CBD 569 sqm site with high quality column free 858 sqm NLA building over 3 levels
• Newly installed solar energy system
• Premium CBA fit-out with 10 secure basement parking plus 2 onsite car parking
• 100% leased to top 2 ASX listed company
• Adjacent to NAB, ANZ, St George, Westpac, Australia Post, Woolworths, David Jones
• 10 year net lease since 2012 plus options to 2032
• Net income: $599,423.89 pa + all outgoings
• Fixed annual increase: 4%
• Significant depreciation benefits
• 12 car spaces plus motorcycle and numerous bicycle racks
• Private internal lift access via car parking to the office
• Solar Panels across the entire roof of the Building installation 8 months prior
• Huge Depreciation Allowances over a 40 year period
• The subject property falls within a region of Wollongong CBD that has a 48 metre height limit offering a future high density redevelopment opportunity via site amalgamation.

For Sale via Private Treaty.

For more information, please contact Colliers’ exclusive selling agents.

Property Details