• For Sale
  • Office
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold
Brand new 7 year lease to CBA | Will Be Sold

For Sale

Auction 8th Oct 2020 Grovesnor Place, L30 Colliers International 225 George Street, Sydney 2000
Colliers International is excited to bring to the market shortly 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 Crown Street, Wollongong NSW. 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:

-100% leased to top 2 ASX listed company, Commonwealth Bank of Australia (CBA)
-Special built for CBA in 2012 with column free throughout the building
-Central CBD 569 sqm site with high quality column free 858 sqm NLA building over 3 levels
-Premium CBA fit-out with 10 secure basement parking plus 2 onsite car parking and numerous bicycle racks
-Adjacent to NAB, ANZ, St George, Westpac, Australia Post, Woolworths, David Jones
-New 7 year lease to expire in December 2027 plus options to 2033
-Significant depreciation benefits
-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.
-Net income: $340,000 per annum + all outgoings payable by the tenant
-Fixed annual increase: 3%

The property is being offered for Sale via Auction on Thursday 8 October at 10:30am at level 5, 1 Margaret Street, Sydney. Online bidding is available upon request.

Property Details