52-54 Gurwood Street

52-54 Gurwood Street

53 Fitzmaurice Street Wagga Wagga NSW 2650

CONTENTS

The Opportunity

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Property description

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Improvements

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Opportunities

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Sale Details

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Location Highlights

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Zoning Description

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Deposited Plan

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Brochure

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THE OPPORTUNITY

PRD Real Estate Wagga Wagga is pleased to offer 52-54 Gurwood Street for sale by Public Auction.

St George's Court until most recently has been the place of business since the 1980's of one of the Riverina's leading legal firms.

Located in a R3 Medium Density Residential zone its position allows for many different uses, subject to WWCC approval, such as motel and tourist accommodation like serviced apartments, medical premises or as a unique family residence.

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PROPERTY DESCRIPTION

ADDRESS

52-54 Gurwood Street, Wagga Wagga

LEGAL DESCRIPTION

Lot 3 and 4 in DP 547006

AREA

942.1m2

LAND RATES

$5824.00 p.a.

ZONING

R3 Medium Density Residential under the Wagga Wagga City Council LEP 2010

Wagga does not have many grand commanding centrally located properties – this is one of them.

The property is located one block back from Fitzmaurice Street, within walking distance to most facilities including restaurants, coffee shops, shopping, courthouse, hotels, movie theatres and play houses, parks library, clubs, and businesses.

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IMPROVEMENTS The property comprises a two level older style commercial building with a total main floor area of 630square metres.

Construction details:

Exterior: Walls - brick Floors - timber and reinforced concrete slab Roof - framed with corrugated iron Windows - generally timber and aluminium framed and glazed windows Car parking - at rear of the building and accessed from Trail Street Interior: Walls - painted plaster and painted rendered brick Floors - polished timber and carpet Ceilings - solid plaster and ornate ceilings Lighting - Mainly recessed and surface mounted fluorescent lighting.

Numerous split system air conditioning units are throughout the premises.

Included in the sale fixed floor coverings, window furnishings, light fittings and heating and cooling units.

Accommodation on the ground floor includes a reception area, conference room, secretarial areas, 4 offices, records room, interview office, stationery room, compactus room and female amenities.

Accommodation on the first floor includes a waiting room, 3 offices, secretarial areas, store area, printing and copying area, staff room, mezzanine lobby and male and female amenities. Additional on this level includes a large verandah fronting Gurwood Street and access stairs to the rear car park which is accessed from Trail Street.

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OPPORTUNITIES There are a number of opportunities that the property lends itself to, some of which include, with WWCC approval: Continue to use as a commercial premises.

Subject to Wagga Wagga City Council approval change the use to residential accommodation and command a higher return with short and long term stays.

Convert to magnificent and commanding residence.

Convert to a medical centre with numerous medical suites over both floors, or, suites downstairs and accommodation on the first floor.

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SALE DETAILS AUCTION DATE

The property is offered for sale by Public Auction on site Saturday August 8th at 1pm

AGENT

Mark Steel Licensed Real Estate agent PRD Real Estate Wagga Wagga P (02) 6923 3555 M 0420 981 417 E marksteel@prdwagga.com.au

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LOCATION HIGHLIGHTS Wagga Wagga is the heart of the Murrumbidgee Region and acts as the primary population, business and industry hub. As a regional capital, the City supports a highly diverse and dynamic economy that services area well beyond the Local Government’s boundaries.

Wagga Wagga’s historical population trends are testimony to the strength of the local economy, which has been able to support strong population growth with sufficient employment opportunities over the past 10 years. Over the next 20 years, Wagga Wagga is expected to continue to grow steadily at an average annual rate of 1.1% to almost 80,000 residents by 2031 (Source: ABS 2011).

Wagga Wagga has a diverse employment base, a unique feature for a regional City. Particular strengths of the employment base include public administration and safety, which includes the significant contributions by the Army Recruit Training Centre (ARTC) at Kapooka and the Royal Australian Air Force (RAAF) Base and Charles Sturt University. Health care and social assistance represents the largest sector of employment in the area, facilitated by the 297,000 patient catchment area of the Wagga Wagga Base Hospital.

Another unique feature of Wagga Wagga’s employment base is the high proportion of manufacturing, representing 7.3% of the City’s workforce. The retail trade sector remains a strong employer in our economy, facilitated by Wagga Wagga retail catchment area of approximately 160,000 persons and the 1M visitors to the City annually.

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ZONING DESCRIPTION ZONE R3 – MEDIUM DENSITY RESIDENTIAL 1. Objectives of zone To provide for the housing needs of the community within a medium density residential environment.

To provide a variety of housing types within a medium density residential environment.

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

To ensure that medium density residential environments are of a high visual quality in their presentation to public streets and spaces.

2. Permitted without consent Home businesses; Home occupations; Roads

3. Permitted with consent Attached dwellings; Boarding houses; Centre-based child care facilities; Community facilities; Group homes; Home industries; Kiosks; Multi dwelling housing; Neighbourhood shops; Places of public worship; Respite day care centres; Restaurants or cafes; Seniors housing; Take away food and drink premises; Any other development not specified in item 2 or 4

4. Prohibited Agriculture; Air transport facilities; Airstrips; Amusement centres; Animal boarding or training establishments; Backpackers’ accommodation; Biosolids treatment facilities; Boat building and repair facilities; Camping grounds; Caravan parks; Cemeteries; Commercial premises; Correctional centres; Crematoria; Depots; Eco-tourist facilities; Entertainment facilities; Extractive industries; Farm buildings; Farm stay accommodation; Forestry; Freight transport facilities; Function centres; Heavy industrial storage establishments; Helipads; Highway service centres; Home occupations (sex services); Industrial retail outlets; Industrial training facilities; Industries; Marinas; Mooring pens; Mortuaries; Open cut mining; Passenger transport facilities; Recreation facilities (major); Registered clubs; Research stations; Resource recovery facilities; Restricted premises; Rural industries; Rural workers’ dwellings; Sewage treatment plants; Sex services premises; Storage premises; Transport depots; Truck depots; Vehicle body repair workshops; Vehicle repair stations; Veterinary hospitals; Warehouse or distribution centres; Waste disposal facilities; Waste or resource management facilities; Water recycling facilities; Water treatment facilities; Wharf or boating facilities; Wholesale supplies.

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DEPOSITED PLAN

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DISCLAIMER This report has been prepared by PRDnationwide Wagga Wagga for the information of potential purchasers to assist them in deciding whether they are sufficiently interested in the property offer to proceed with further investigation in relation to the property. Potential purchasers must satisfy themselves in relation to all aspects of the report including development potential and cost; market take up; rent levels; outgoings; and all other matters a prudent purchaser would consider relevant.

The information contained in this report does not constitute any offer or contract for sale; it is provided as a guide only; and has been prepared in good faith and with due care.

The Vendor, PRDnationwide Wagga Wagga or their employees, agents or representatives will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that a potential purchaser relies upon that is contained in this report or any other marketing material.

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