MMJ Auction Night Order of Submission - 28th November

MMJ auction night order of submission 6pm, Wednesday 28th November 2018, 6-8 Regent Street, Wollongong

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Order of submission

ld DAPTO, 1/2-4 Kent Road so

2 WOLLONGONG, 28 Auburn Street 3 LAKE ILLAWARRA, 43 Reddall Parade

SOLD PRIOR TO AUCTION

mmj.com.au

DAPTO | 1/2-4 Kent Road

SOLD PRIOR TO AUCTION CHILD CARE INVESTMENT – SECURE 10 YEAR LEASE

• • • • •

New 10 year net lease to Little Peoples - expiry 2028 Six further 5 year options to 2058 Net Income of $63,250 pa + GST Established operator with substantial Illawarra footprint Centrally located with easy access to surrounding suburbs

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

GEOFF JONES geoff.jones@mmj.com.au 0418 421 074

mmj.com.au

WOLLONGONG | 28 Auburn Street

SUBMISSION ONE FREEHOLD BUILDING SHORT TERM LEASE INVEST OR OCCUPY

• • • • •

Short term lease expires 28th February 2019 Level block 594m² in sought after commercial precinct Lettable Area of 449m² + 50m² awning area Zoned B3 Commercial Core 8 on-site car spaces

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

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

mmj.com.au

LAKE ILLAWARRA | 43 Reddall Parade

SUBMISSION TWO WATERSIDE ADDRESS RE-DEVELOP OR RE-BUILD* *Subject to council approval, site outlines, areas & measurements are approx

• • • •

Level 1,011sqm site - dimensions 20.12 metres x 50.29 metres* R3 Medium Density Residential Zoning, FSR of 0.7 to 1 Exceptional water views of lake entrance, ocean & Windang Island Extremely rare opportunity with multiple development angles

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

DANIEL HASTINGS daniel.hastings@mmj.com.au 0416 283 876

OTHER MMJ LISTINGS WOLLONGONG

10-18 Regent Street

ALBION PARK RAIL

150-154 Princes Highway

R

FE F O ER

UND 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.

ILLAWARRA’S LARGEST & MOST SUCCESSFUL COMMERCIAL TEAM. 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