MMJ Auction Order of Submission October 2018

MMJ Auction night Order of submission 6pm, Wednesday 10th October 2018, 6-8 Regent Street, Wollongong

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Order of submission 1 ALBION PARK RAIL, 179-183 Princes Highway 2 WOLLONGONG, 140 Crown Street

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ALBION PARK RAIL | 179-183 Princes Highway

SUBMISSION ONE PRIZED INVESTMENT ANCHORED BY BAKERS DELIGHT & WOOLWORTHS (BWS)

*STCA

• • • • •

$198,278 net + GST p.a. passing rent from six tenants Blue-chip leases to both Woolworths (BWS) & Bakers Delight Massive 2,065sqm corner land holding zoned B2 Local Centre Access to large rear car parking area from Creamery Rd frontage 1.5:1 FSR allows for 3,098sqm of potential floor space

TIM JONES tim.jones@mmj.com.au 0409 456 299

TRAVIS MACHAN travis.machan@mmj.com.au 0447 300 800

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WOLLONGONG | 140 Crown Street

SUBMISSION TWO HIGH PROFILE RETAIL INVESTMENT OR OCCUPATION OPPORTUNITY

• • • • •

Freehold building in Mall among four major banks & Australia Post Strategic investment play and potential to occupy in the future Parking for up to 6 vehicles onsite via rear lane Estimated market rental income $110,000 p.a. net + GST Current passing income of $70,000 p.a. net + GST

TRAVIS MACHAN travis.machan@mmj.com.au 0447 300 800

TIM JONES tim.jones@mmj.com.au 0409 456 299

OTHER MMJ LISTINGS WOLLONGONG

10-18 Regent Street

ALBION PARK RAIL

150-154 Princes Highway

AVONDALE

84 Marshall Mount Road

AUCTION CONDITIONS AUCTIONS OF RESIDENTIAL PROPERTY OR RURAL LAND • • • • • • • • • • •

The principal’s reserve price must be given in writing to the auctioneer before the auction commences.

A bid for the seller cannot be made unless the auctioneer has, before the commencement of the auction, announced clearly and precisely that a bid may be made on behalf of the seller by the auctioneer.

The highest bidder is the purchaser, subject to any reserve price.

In the event of a disputed bid, the auctioneer is the sole arbitrator and the auctioneer’s decision is final.

The auctioneer may refuse to accept any bid that, in the auctioneer’s opinion, is not in the best interests of the seller.

A bidder is taken to be a principal unless, before bidding, the bidder has given to the auctioneer a copy of a written to bid for or on behalf of another person.

A bid cannot be made or accepted after the fall of the hammer.

As soon as practicable after the fall of the hammer the purchaser is to sign the agreement (if any) for sale.

All bidders must be registered in the Bidders Record and display an identifying number when making a bid.

One bid only may be made on behalf of the seller by the auctioneer on behalf of the seller.

When making a bid on behalf of the seller, the auctioneer must clearly state that the bid was made on behalf of the seller.

PENALTY FOR COLLUSIVE PRACTICES It is an offence against the Property, Stock and Business Agents Act 2002 for a person to do any of the following as a result of a collusive practice, or to induce or attempt to induce another person by a collusive practice to do any of the following: (a) to abstain from bidding or (b) to bid to a limited extent only or (c) to do any other act or thing that might prevent free and open competition.

Severe penalties may be imposed on persons convicted of collusive practices.

PENALTY FOR DUMMY BIDDING It is an offence against the Property, Stock and Business Agents Act 2002 for a person to do any of the following: (a) make a bid as the seller, (b) make a bid on behalf of the seller (unless the person is the auctioneer), (c) procure another person to make a bid on behalf of the seller.

Any bid made with the dominant purpose of benefiting the seller constitutes a bid made on behalf of the seller. A bid may be found to be a bid made on behalf of the seller even though the seller did not: (a) request the bid, or (b) have any knowledge of the bid.

Severe penalties may be imposed on persons convicted of dummy bidding.

SUCCESSFUL BIDDERS The actual successful bidder at an auction sale must give to the auctioneer or an employee of the auctioneer: (a) the bidder’s name or (b) the name of the person on whose behalf the successful bid was made.

WE MAKE CHOOSING YOUR AGENT AN EASY DECISION. COMMERCIAL SALES GEOFF JONES geoff.jones@mmj.com.au 0418 421 074

TIM JONES tim.jones@mmj.com.au 0409 456 299

TRAVIS MACHAN travis.machan@mmj.com.au 0447 300 800

JARROD POORT jarrod.poort@mmj.com.au 0430 462 735

COMMERCIAL MANAGEMENT TRACY PRESTON tracy.preston@mmj.com.au

ANDREW BURROWS andrew.burrows@mmj.com.au

CHRIS HOGBEN chris.hogben@mmj.com.au

MELODY RINTOUL melody.rintoul@mmj.com.au

KEVIN STEVENS kevin.stevens@mmj.com.au

KAY MIREYLEES kay.mireylees@mmj.com.au 0403 732 505

KIM HASTINGS kim.hastings@mmj.com.au

COMMERCIAL LEASING MICHAEL CROGHAN michael.croghan@mmj.com.au 0418 217 564

NATHAN CLIFT nathan.clift@mmj.com.au 0407 439 611

NICOLE FORMOSA nicole.formosa@mmj.com.au