2/21 Princes Highway, Albion Park Rail

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

2/21

UNRIVALLED, MARKET LEADING REAL ESTATE SERVICES

PRINCES HIGHWAY ALBION PARK RAIL

HIGH PROFILE AND HIGH YIELDING INDUSTRIAL INVESTMENT

CONTENTS

EXECUTIVE SUMMARY 03 WELCOME 05 KEY HIGHLIGHTS 07 OPPORTUNITY 09 LOCATION 11 METHOD OF SALE 13 OUTGOINGS & TENANCY 15 FLOOR PLAN 17 STRATA PLAN 18 ZONING SUMMARY 19 DISCLAIMER 20

EXECUTIVE SUMMARY

ADDRESS

2/21 PRINCES HIGHWAY, ALBION PARK RAIL

TITLE

LOT 2 SP46851

DESCRIPTION

A HIGH PROFILE AND HIGH YIELDING INDUSTRIAL INVESTMENT WITH LONGTERM LEASE PLUS OPTIONS TILL 2041.

LOCATION

ZONING IN2 LIGHT INDUSTRIAL

BUILDING AREA

780M2

427M2 WAREHOUSE 353M2 MEZZANINE LEVEL TOTAL APPROX. + 5 PARKING SPACES

NET RENTAL

$120,000.00 + GST

SALE PROCESS

AUCTION – IF NOT SOLD PRIOR WOLLONGONG GOLF CLUB 29TH MARCH 2022 @ 6PM

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INFORMATION MEMORANDUM

L O C AT E D I N A T I G H T LY H E L D M A I N ROAD INDUSTRIAL PRECINCT ON A MAIN THOROUGHFARE UNDERPINNED BY ITS STRATEGIC LOGISTICAL LOCATION AND STRONG LOCAL ECONOMY.

2/21 PRINCES HIGHWAY ALBION PARK RAIL

WELCOME

MMJ Real Estate Wollongong is delighted to present 2/21 Princes Highway, Albion Park Rail to the market.

Offered for sale by Auction, Wednesday 29th March 2022 6:00pm, Wollongong Golf Club Corrimal Street, Wollongong.

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

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

HIGH PROFILE AND HIGH YIELDING INDUSTRIAL INVESTMENT

2/21

PRINCES HIGHWAY ALBION PARK RAIL

KEY HIGHLIGHTS

• •

LONG TENANCY PLUS OPTIONS TILL 2041 NET INCOME OF $120,000 PER ANNUM •

•

WELL APPOINTED SHOWROOM

PROUDLY LOCATED AT THE BASE OF WOLLONGONG’S TALLEST BUILDING

INFORMATION MEMORANDUM

07

2/21 PRINCES HIGHWAY ALBION PARK RAIL

A HIGH PROFILE AND HIGH YIELDING INDUSTRIAL INVESTMENT, 2/21 PRINCES HIGHWAY, ALBION PARK RAIL PRESENTS AN EXCELLENT OPPORTUNITY FOR THE ASTUTE INVESTOR.

THE OPPORTUNITY

Developed with a functional industrial design, the warehouse forms part of a boutique two-unit development. It’s existing improvements include a glass façade which leads to a substantial modern tiled showroom with ancillary mezzanine storage offering utility to an existing retail or service-trade premises.

Upon entry to the premises, you are welcomed with an impressive showroom and void setback f rom the internal mezzanine, along with separate

corporate off ices, kitchenette and bathroom amenities, reception area, and attached service workshop accessed via the side roller door.

Staff and customers can enjoy ample on-site parking included on title and the favourable IN2 Zoning lends to most industrial operations.

Currently leased to Quickshift Motorcycles till 2026 with options till 2041, should ensure extended occupancy well into the future.

Its slight elevation further enhances its street presence and line of sight f rom all angles making it a focal point for people passing by.

0 0 99

INFORMATION MEMORANDUM

A quality industrial asset that ticks all the boxes, with a long lease plus options and secure cash flow together with outstanding underlying real estate fundamentals.

2/21 PRINCES HIGHWAY ALBION PARK RAIL

EASY ACCESS TO REGIONAL METROPOLITAN AREAS PLUS T H E R A P I D LY GROWING NEARBY RESIDENTIAL CATCHMENTS 2/21 Princes Highway, Albion Park Rail is a thriving showroom facility that enjoys high exposure and great access off the arterial Princes Highway which is the bulky goods epicentre for the region. The nearby vicinity is home to a great variety of national retailers and brands including Mitsubishi, Toyota, Subaru, Holden, Caltex, 7-Eleven, BP Fuel plus fast food outlets such as Oporto, Taco Bell and Subway.

LOCATION

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.

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INFORMATION MEMORANDUM

The site takes advantage of key motorway networks nearby which provide access to the region’s major metropolitan areas. This is further enhanced with the recent $630M bypass road inf rastructure upgrades completed in 2021 to create the missing link f rom Sydney to Bomaderry serving as a local thoroughfare for the region.

2/21 PRINCES HIGHWAY ALBION PARK RAIL

METHOD OF SALE

The property is to be sold by Auction on Wednesday 29th March 2022 at Wollongong Golf Club, 6pm.

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

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

MICHAEL FARINA , SALES ASSOCIATE MMJ Real Estate Wollongong 0421 522 713 michael.farina@mmj.com.au

INFORMATION MEMORANDUM

13

OUTGOINGS

COUNCIL RATES

$3,653

WATER RATES

$333

SELF MANAGED STRATA/ INSURANCE

TBC

SUBTOTAL

$3,986

T E N A N C Y S C H E D U L E //

Quickshift Motorcycles Pty Ltd

LEASE TERM

5 Years

COMMENCEMENT

04 / 01 / 2021

EXPIRY

03 / 01 / 2026

OPTION/S

Options till 2041

SITE AREA

780m2 approx.

BUILDING AREA

427m2 warehouse plus recent addition of a large mezzanine level of approx. 353m2

NET INCOME

$120,000.00 + GST

15

INFORMATION MEMORANDUM

LESSEE

2/21 PRINCES HIGHWAY ALBION PARK RAIL

FLOOR PLAN

INFORMATION MEMORANDUM

17

STRATA PLAN

ZONING SUMMARY Zone IN2

Light Industrial

1 Objectives of zone • To provide a wide range of light industrial, warehouse and related land uses.

• To encourage employment opportunities and to support the viability of centres.

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

• To enable other land uses that provide facilities or services to meet the day to day needs of workers in the area.

• To support and protect industrial land for industrial uses.

• To encourage appropriate forms of industrial development which will contribute to the economic and employment growth of Wollongong.

2 Permitted without consent Building identif ication signs; Business identif ication 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; Hardware and building supplies; Helipads; Industrial retail outlets; Industrial training facilities; Kiosks; Landscaping material supplies; Light industries; 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 Pond-based aquaculture; Any other development not specif ied in item 2 or 3

INFORMATION MEMORANDUM

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Printed: 17/02/2022

This map is supplied on the understanding that Council will not be responsible for any loss or damage which may result from any use made of such information as a result of errors or omissions contained in the map.

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.