Wollongong

73-75 Gipps Street, Wollongong, NSW, 2500

Property Description

The property was developed by BBC Hardware Limited in 1997, and purchased by the Trust in February 2003. The property, positioned between Gipps Street and Throsby Drive, is located in an established industrial area. The property has 311 car bays. Bunnings vacated the property in March 2023. The property has been leased to the Commonwealth Government for five years. Work is underway for the lodgment of a development application for the longer-term redevelopment of the property. There is also a marketing campaign underway for the potential sale of the property.

Land area

27,320 m²

The total GLA/retail area

10,811 m²

Bunnings lease commencement date

9/2/2003

Total Property Cost

$13,434,183

Current valuation

$22,000,000

Annual Rent

$1,501,165

Property Location

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