13 Auburn Street, Wollongong

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

11

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.