I N F O R M AT I O N M E M O R A N D U M
13
AUBURN STREET
UNRIVALLED, MARKET LEADING REAL ESTATE SERVICES
WOLLONGONG
CONTENTS
EXECUTIVE SUMMARY 03 WELCOME 05 KEY HIGHLIGHTS 07 OPPORTUNITY & LOCATION 09 LOCATION MAP 11 ZONING SUMMARY 14 METHOD OF SALE 15 ANNUAL STATUTORY OUTGOINGS 18 TENANCY SUMMARY 19 DISCLAIMER 20
EXECUTIVE SUMMARY
ADDRESS
13 AUBURN STREET, WOLLONGONG
TITLE
LOT 5 SEC A DP4203
DESCRIPTION
TWO LEVEL, COMMERCIAL FREEHOLD WITH F U L LY C O N C R E T E D C A R PA R K AT R E A R
LOCATION
POSITIONED AT THE SOUTHERN FRINGE OF THE WOLLONGONG CBD JUST METRES FROM WOLLONGONG TRAIN STATION
ZONING
LAND AREA 47 1M2
BUILDING SIZE 351M2
SALE PROCESS
AUCTION WOLLONGONG GOLF CLUB TUESDAY 17TH MAY 2022, 6PM
03
INFORMATION MEMORANDUM
B3 COMMERCIAL CORE
13 AUBURN STREET
WOLLONGONG
*APPROX. BOUNDARY ONLY *APPROX. BOUNDARY ONLY
WELCOME
MMJ Real Estate is delighted to present 13 Auburn Street, Wollongong, to the market. This outstanding property is scheduled for sale by public auction. Wollongong Golf Club Tuesday 17th May 2022, 6pm
TIM JONES MMJ Real Estate Wollongong
TRAVIS MACHAN MMJ Real Estate Wollongong
0409 456 299
0447 300 800
tim.jones@mmj.com.au
travis.machan@mmj.com.au
INFORMATION MEMORANDUM
05
*APPROX. BOUNDARY ONLY
13
AUBURN STREET, WOLLONGONG
KEY HIGHLIGHTS
•
TWO-LEVEL FREEHOLD IN PRIME INNER-CITY LOCATION •
351M² NLA OVER TWO LEVELS •
•
ON-SITE PARKING AT REAR + ADJOINING COUNCIL CAR PARK
B3 COMMERCIAL CORE (1.5:1 FSR)
INFORMATION MEMORANDUM
07
OPPORTUNITY
The property is best described as a two-level f reehold commercial building. Currently utilised as a dual tenant building, it can easily be converted for one occupier if needed. The building offers excellent natural light throughout. The property is in original yet presentable condition however could be refurbished and modernised. There are seven on-site car spaces located at the rear and the property adjoins a council car park as well. The property will suit an owner occupier and investor alike. With the opportunity to occupy part and lease out the balance, this property will be prove to be a great investment.
LOCATION
The property is well located at the f ringe of the Wollongong CBD at the northern end of Auburn Street. Auburn Street is a busy commercial zoned main street that leads south f rom the CBD towards Port Kembla. A variety of important and notable businesses share this popular location including, State Emergency Service NSW Headquarters and The Australian Hydrographic Off ice. The property is spoiled with amenity f rom the city’s existing inf rastructure being opposite Wollongong Train Street which includes the associated buses and taxi services. Adjoining the property is a large council car park. The CBD is a level 5 minute walk away.
INFORMATION MEMORANDUM
09
*APPROX. BOUNDARY ONLY
LOCATION MAP NORTH-EAST
CROWN STREET
AUBURN STREET
WOLLONGONG TRAIN STATION APPROX. 170M
SUBJECT PROPERTY 13 AUBURN ST R E E T, WO L LO N GO N G
ATCHISON STREET
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INFORMATION MEMORANDUM
GATEWAY SHOPPING CENTRE
L O C AT I O N // WO L L O N G O N G
COUNCIL CARPARK
*APPROX. BOUNDARY ONLY
LOCATION MAP NORTH-WEST
AUBURN STREET
WOLLONGONG PUBLIC HOSPITAL
WOLLONGONG PRIVATE HOSPITAL
WOLLONGONG TRAIN STATION
ATCHISON STREET
COUNCIL CARPARK
NSW STATE EMERGENCY SERVICE
L O C AT I O N // WO L L O N G O N G
SUBJECT PROPERTY 1 3 AUB UR N ST RE E T, WOLLO N G O N G
INFORMATION MEMORANDUM
13
*APPROX. BOUNDARY ONLY
ZONING SUMMARY Zone B3 1 • • • • •
Commercial Core
Objectives of zone To provide a wide range of retail, business, off ice, entertainment, community and other suitable land uses that serve the needs of the local and wider community. To encourage appropriate employment opportunities in accessible locations. To maximise public transport patronage and encourage walking and cycling. To strengthen the role of the Wollongong city centre as the regional business, retail and cultural centre of the Illawarra region. To provide for high density residential development within a mixed use development if it— (a) is in a location that is accessible to public transport, employment, retail, commercial and service facilities, and (b) contributes to the vitality of the Wollongong city centre.
2 Permitted without consent Building identif ication signs; Business identif ication signs; Home occupations 3 Permitted with consent Advertising structures; Amusement centres; Boarding houses; Car parks; Centrebased child care facilities; Commercial premises; Community facilities; Educational establishments; Entertainment facilities; Exhibition homes; Function centres; Helipads; Home businesses; Hostels; Hotel or motel accommodation; Information and education facilities; Medical centres; Oyster aquaculture; Passenger transport facilities; Places of public worship; Recreation areas; Recreation facilities (indoor); Recreation facilities (outdoor); Registered clubs; Respite day care centres; Restricted premises; Roads; Self-storage units; Seniors housing; Service stations; Sex services premises; Shop top housing; Tank-based aquaculture; Tourist and visitor accommodation; Veterinary hospitals; Wholesale supplies 4 Prohibited Pond-based aquaculture; Any other development not specif ied in item 2 or 3
METHOD OF SALE
The property is to be sold by public auction. Wollongong Golf Club Tuesday 17th May 2022, 6pm Contact the selling agents for more information.
TIM JONES, MANAGING DIRECTOR MMJ Real Estate Wollongong 0409 456 299 tim.jones@mmj.com.au
TRAVIS MACHAN, DIRECTOR MMJ Real Estate Wollongong
0447 300 800 travis.machan@mmj.com.au
INFORMATION MEMORANDUM
15
13 AUBURN STREET
WOLLONGONG
*APPROX. BOUNDARY ONLY
INFORMATION MEMORANDUM
17
ANNUAL STATUTORY OUTGOINGS
COUNCIL RATES
$10,049.56 PA
WATER RATES
$431.12 PA
BUILDING INSURANCE
TBA PA
LAND TAX
NIL (UNDER THRESHOLD)
TENANCY SUMMARY
TENANT
SEAFINCH ADMINISTRATION PTY LTD (JOHNSON & HORSLEY)
LEASE TERM
3 YEARS
EXPIRY
30TH APRIL 2013
OPTION/S
1X 3 YEARS
GROSS RENT
$20,000 PA + GST
*J*UPSTAIRS TENANT ONLY
INFORMATION MEMORANDUM
19
DISCLAIMER
The agent(s) for themselves and the vendors of the property whose agent(s) they are, give notice that: (i) The particulars are set out as a general outline only for the guidance of purchasers and do not constitute an offer or contract. (ii) All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but purchasers should notO rely them as statements or FLO Ron P LA NS presentations of fact, but must satisfy themselves by inspections or otherwise as to the correctness of each of them; and a draft Agreement for Sale of Land which is available for inspection at the offices of the Agent(s). In the event of any inconsistency between this Property Report and the Agreement for Sale of Land, the provisions of the Agreement for Sale of Land shall prevail. (iii) No person in the employment of the agents has any authority to make or give any representation or warranty whatsoever in relation to these properties. (iv) The Agent(s) and the vendor, each of their associates and every person involved in the preparation of this Information Memorandum expressly disclaim any liability on any grounds whatsoever for any direct or consequential loss or damage (whether foresee able or not) which may result from any party acting on or relying upon all or any part of the information contained in the Information Memorandum notwithstanding any negligence, default or lack of care.