IM 2 & 3 / 30 Ralph Black Drive, North Wollongong

2&3/30

RALPH BLACK DRIVE NORTH WOLLONGONG

WAREHOUSING OPPORTUNITY IN RENOWNED BUSINESS PRECINCT

EXECUTIVE SUMMARY

ADDRESS

2 & 3/30 RALPH BLACK DRIVE, NORTH WOLLONGONG

TITLE

LOTS 2 & 3 SP33232

DESCRIPTION

UNIQUE OPPORTUNITY TO ACQUIRE EITHER ONE OR TWO WAREHOUSE’S WITHIN A BOUTIQUE COMPLEX OF ONLY THREE.

LOCATION

LOCATED IN THE EPICENTRE OF WOLLONGONG’S MOST SOUGHT AFTER BUSINESS PRECINCT.

ZONING

E4 – GENERAL INDUSTRIAL

FLOOR AREA

623M 2 FOR SALE

$2,198,000

2 & 3 /30

BLACK DRIVE NORTH WOLLONGONG

RALPH

MMJ Real Estate Wollongong is delighted to present 2 & 3/30 Ralph Black Drive, North Wollongong to the market.

For sale via private treaty. Price is listed at $2,198,000.

Please contact the exclusive marketing agents listed below to arrange an inspection.

0421 522 713

michael.farina@mmj.com.au

TIM JONES MMJ Real Estate Wollongong

0409 456 299

tim.jones@mmj.com.au

MICHAEL FARINA MMJ Real Estate Wollongong

AN INDUSTRIAL ASSET WITH IMMEDIATE ACCESS TO KEY ARTERIAL LINKAGES, EXPOSURE TO A VAST RESIDENTIAL CATCHMENT AND CONNECTIVITY TO SURROUNDING COMMERCIAL PRECINCTS.

*APPROX. BOUNDARY ONLY

RALPH BLACK DRIVE NORTH WOLLONGONG 2 & 3/30

KEY HIGHLIGHTS

OPPORTUNITY TO ACQUIRE ONE OR BOTH WAREHOUSES IN A BOUTIQUE COMPLEX OF THREE.

2 & 3 /30

A QUALITY INDUSTRIAL ASSET WITH OUTSTANDING UNDERLYING

REAL ESTATE FUNDAMENTALS UNDERPINNED BY EXCEPTIONALLY LOW VACANCY LEVELS AND INSATIABLE OCCUPIER DEMAND.

Developed with a functional design, the warehouse forms part of a boutique three-unit development whereby you can acquire either one or two of the warehouses in the complex which has been tightly held since its completion.

RALPH BLACK DRIVE NORTH WOLLONGONG

This provides an opportunity to purchase 2 adjoining warehouses out of the 3 within the estate achieving a 66% unit entitlement. The versatility of the combined improvements being side by side allows for further capability in design which would suit a range of repurposing and repositioning opportunities.

Separately, the warehouses are offered with short-term holding income with one tenant occupying both warehouses till the lease expires in 2023 and no option to renew.

For owner occupiers, this provides a possible option to secure an appropriate

space for their business to operate from given the low availability of suitable industrial facilities in the immediate vicinity.

Investors can take advantage of excellent leasing up prospects by utilising the flexibility of the warehouse areas and exploring the possibility of leasing the properties separately or combined to make it more of a low-risk and strategic investment.

With rents in the sector rapidly rising over the past 3 years, the industrial vacancy rate in the area is record low and the demand from industrial tenants has never been higher in a constantly shrinking market.

2 & 3 /30

DUAL WAREHOUSES LOCATED IN THE EPICENTRE OF WOLLONGONG’S MOST SOUGHTAFTER INDUSTRIAL PRECINCT

RALPH BLACK DRIVE NORTH WOLLONGONG

THE LOCATION

The property is located in a hyperconnected and established CBD industrial pocket, benefitting from immediate access to key arterial linkages, exposure to a vast residential catchment and connectivity to surrounding commercial precincts.

Underpinning the strategic logistical upside to this precinct, its location is further enhanced by boasting excellent proximity to both the Wollongong CBD and Innovation Campus as well as being in direct proximity to the M1 Motorway, Princes Highway and Memorial Drive interchange.

This activated precinct is renowned for incorporating industrial, retail and bulky good amenity to its occupiers whilst being surrounded by thriving businesses and considered one of the most in-demand industrial locations within the Illawarra market.

Within the boutique complex, Unit 3 sits proudly at the front of the warehouses allowing the occupier to benefit from street exposure and increased visibility. Unit 2 adjoins this warehouse and is of a slightly larger size. Combined together they create a significant industrial footprint that is rarely offered to the market.

LOCATION MAP

WOLLONGONG BEACH SUBJECT PROPERTY

2 & 3/30 RALPH

BLACK DRIVE, NORTH WOLLONGONG

FLINDERS STREET

Flinders

2 & 3 /30

RALPH BLACK DRIVE

NORTH

WOLLONGONG

ZONING SUMMARY

ZONING SUMMARY

Zone E4 General Industrial

1 Objectives of zone

• To provide a range of industrial, warehouse, logistics and related land uses.

• To ensure the efficient and viable use of land for industrial uses.

• To minimise any adverse effect of industry on other land uses.

• To encourage employment opportunities.

• To enable limited non-industrial land uses that provide facilities and services to meet the needs of businesses and workers.

• To allow some diversity of activities that will not significantly detract from the operation of existing or proposed development or the amenity enjoyed by nearby residents, or have an adverse impact on the efficient operation of the surrounding road system.

2 Permitted without consent

Building identification signs; Business identification signs

3 Permitted with consent

Advertising structures; Agricultural produce industries; Animal boarding or training establishments; Boat building and repair facilities; Community facilities; Crematoria; Depots; Freight transport facilities; Garden centres; General industries; Goods repair and reuse premises; Hardware and building supplies; Helipads; Industrial retail outlets; Industrial training facilities; Kiosks; Landscaping material supplies; Light industries; Liquid fuel depots; Local distribution premises; Mortuaries; Neighbourhood shops; Oyster aquaculture; Places of public worship; Plant nurseries; Recreation areas; Recreation facilities (indoor); Roads; Self-storage units; Service stations; Sex services premises; Take away food and drink premises; Tank-based aquaculture; Transport depots; Vehicle body repair workshops; Vehicle repair stations; Vehicle sales or hire premises; Veterinary hospitals; Warehouse or distribution centres; Waste or resource management facilities; Water treatment facilities

4 Prohibited

Any development not specified in item 2 or 3

COUNCIL RATES

ANNUAL STATUTORY OUTGOINGS

WATER RATES

STRATA PLAN

INSURANCE

SUBTOTAL

COMBINED TOTAL

TENANCY SCHEDULE

LESSEE

COMMENCEMENT

EXPIRY

OPTION/S LEASE OVER PREMISES

OUTGOINGS

CURRENT PASSING RENT

2 & 3 /30

BLACK DRIVE NORTH WOLLONGONG

RALPH

METHOD OF SALE

For sale via private treaty. Price is listed at $2,198,000.

Please contact the exclusive marketing agents listed below to arrange an inspection.

522 713

michael.farina@mmj.com.au

0409 456 299

tim.jones@mmj.com.au

2 & 3 /30

RALPH BLACK DRIVE

NORTH

WOLLONGONG

STRATA PLAN

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 not rely on them as statements or 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.