IM - 160 Pioneer Road, Towradgi

I N F O R M AT I O N M E M O R A N D U M

160

UNRIVALLED, MARKET LEADING REAL ESTATE SERVICES

PIONEER ROAD TOWRADGI

CONTENTS

EXECUTIVE SUMMARY 03 WELCOME 05 KEY HIGHLIGHTS 07 OPPORTUNITY & LOCATION 09 METHOD OF SALE 11 OUTGOINGS 13 ZONING SUMMARY 14 FLOOR PLAN 15 DISCLAIMER 16

EXECUTIVE SUMMARYS

ADDRESS

160 PIONEER ROAD, TOWRADGI

TITLE

LOT 28 DP8085

DESCRIPTION

A VERSATILE AND BOUTIQUE COMMERCIALSTYLE FREEHOLD, WITH QUALITY EXISTING FIT-OUT ALLOWING PLUG AND PLAY POSSIBILITIES.

LOCATION

ZONING

R2 – LOW DENSITY RESIDENTIAL

LETTABLE AREA 1 2 2 M 2*

LAND AREA 5 3 9 . 7 5 M 2*

DIMENSIONS

13.415M X 40.235M

SALE PROCESS

PRIVATE TREATY $1,300,000

*A P P R O X I M A T E O N LY

03

INFORMATION MEMORANDUM

P R O M I N E N T LY P O S I T I O N E D O N T H E B U S Y P I O N E E R R O A D A D J O I N I N G A R E C E N T LY MODERNISED 7-ELEVEN SERVICE STATION WHICH ALSO FEATURES AN AUSTRALIA POST OUTLET.

160 PIONEER ROAD TOWRADGI

WELCOME

The market-leading commercial sales team at MMJ Wollongong is delighted to present 160 Pioneer Road, Towradgi to the market. This outstanding property is being offered to the market by way of private treaty for $1,300,000.

This represents a truly unique opportunity for owner-occupiers and investors alike, to break into what is a very tightly-held, northern suburbs property market.

INFORMATION MEMORANDUM

05

TIM JONES MMJ Real Estate Wollongong

MICHAEL FARINA MMJ Real Estate Wollongong

0409 456 299

0421 522 713

tim.jones@mmj.com.au

michael.farina@mmj.com.au

160

PIONEER ROAD TOWRADGI

KEY HIGHLIGHTS

•

POTENTIALLY SUITABLE FOR OWNEROCCUPIERS AND INVESTORS • AN ADAPTABLE COMMERCIAL PREMISES PREVIOUSLY USED AS A DAY SPA •

AMPLE PARKING LOCATED AT REAR OF PROPERTY •

SITUATED IN ONE OF THE ILLAWARRA’S MOST COVETED BEACHSIDE SUBURBS

INFORMATION MEMORANDUM

07

OPPORTUNITY

160 Pioneer Road, Towradgi is a boutique f reehold opportunity that boasts adaptability. Unique in it’s own right, the day spa oriented f it-out lends itself towards many other potential uses subject to council approval. The six spacious treatment rooms, all with individual plumbing, should certainly appeal to the medical industry.

This ready-to-occupy, stand-alone space provides a vibrant and exciting opportunity in what is a very small suburban commercial sector. Occupants will enjoy the vibrant character and beachside convenience of one of the Illawarra’s most popular suburbs.

Investors may explore the value-add potential of splitting the property into two or more smaller tenancies and maximising rental returns. On the other hand, owner-occupiers looking for a northern suburbs home for their business, will f ind it very diff icult to look past such a rare offering. Either way, the underlying residential land value alone, should increase the chances of future capital gain.

LOCATION

The property has prominent f rontage to a bustling section of Pioneer Road, one of Towradgi’s main arterial thoroughfares. It boasts excellent connectivity and convenience and is exposed to a high volume of vehicular traff ic on a daily basis.

It is just metres f rom the intersection of Towradgi Road and Pioneer Road which is one of the suburb’s most active traff ic intersections. Adjoining the property’s southern boundary, is a 7-Eleven service station and post off ice which is underpinned by long-term leases and was sold just over 5 years ago for a whopping $5,615,000. The iconic Towradgi Beach Hotel is a just a short walk to the south.

The site’s strategic location is approx. 5km North of Wollongong and is positioned on the eastern side of the distributor which is underpinned by its surrounding strong residential market f rom its proximity to the beach only moments away.

09

INFORMATION MEMORANDUM

Take advantage of a busy commercial location benef itting f rom fantastic exposure and signage opportunities, with easy connectivity to the Northern Distributor and nearby transport links.

160 PIONEER ROAD TOWRADGI

METHOD OF SALE

The property is scheduled to be sold by way of private treaty, for $1,300,000.

TIM JONES, MANAGING DIRECTOR MMJ Real Estate Wollongong 0409 456 299 tim.jones@mmj.com.au

MICHAEL FARINA , COMMERCIAL SALES MMJ Real Estate Wollongong

0421 522 713 michael.farina@mmj.com.au

INFORMATION MEMORANDUM

11

OUTGOINGS

COUNCIL RATES $7,355.20 PA WATER RATES $665.44 PA INSURANCE $2,660.00 PA

SUB TOTAL $10,680.64

13

INFORMATION MEMORANDUM

LAND TAX N/A – BELOW THRESHOLD (ASSESSED LAND VALUE @ 2022 $768,000)

ZONING SUMMARY

Zone R2 1 • •

Low Density Residential

Objectives of zone To provide for the housing needs of the community within a low density residential environment.

To enable other land uses that provide facilities or services to meet the day to day needs of residents.

2 Permitted without consent Home occupations 3 Permitted with consent Attached dwellings; Bed and breakfast accommodation; Boat launching ramps; Centre-based child care facilities; Community facilities; Dual occupancies; Dwelling houses; Environmental facilities; Exhibition homes; Exhibition villages; Group homes; Health consulting rooms; Homebased child care; Home businesses; Home industries; Hospitals; Hostels; Information and education facilities; Jetties; Multi dwelling housing; Neighbourhood shops; Oyster aquaculture; Places of public worship; Pond-based aquaculture; Recreation areas; Recreation facilities (indoor); Recreation facilities (outdoor); Residential flat buildings; Respite day care centres; Roads; Semi-detached dwellings; Seniors housing; Shop top housing; Signage; Tank-based aquaculture; Veterinary hospitals 4 Prohibited Any development not specif ied in item 2 or 3

INFORMATION MEMORANDUM

FLOOR PLANS

15

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.