SOLD - Warrawong (Wollongong) - Premium Large Format Retail & Fast Food Investment – ASX Listed Tena

Cushman & Wakefield’s National Investment Sales team is pleased to present to the market 115 King Street, Warrawong (Wollongong) for Sale via Auction.

The property has the following key characteristics:

• BCF - Renewed 10 year lease, wholly owned subsidiary of ASX Listed Super Retail Group Ltd (ASX: SUL) with a market cap of $3 Billion & revenues of $2.71 Billion
• Super Retail Group, have 670+ stores Australia wide, incl. BCF, Supercheap Auto, Macpac & Rebel Sport
• Dominos – Renewed 5 year lease, Global ASX listed pizza chain, Australia’s largest pizza brand with a Market Cap of $3.8 Billion across 9 countries with 2,700 stores
• Longstanding tenants in occupation for 12+ years
• Prominent 1,394 sqm large format retail showroom with parking for 19 cars in Warrawong’s prime retail precinct
• Strategic position next to major retailers including KFC, Harvey Norman, McDonalds, Warrawong Plaza Shopping Mall, The Good Guys & Fantastic Furniture
• Warrawong – Premium NSW south coast location 10 km to Wollongong, south of Sydney
• Guaranteed rental growth with minimum 2%, maximum 4% & CPI annual rent increases
• Net Income $373,850 pa + GST

The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Wednesday 28 July at 10am.

Interested parties based in New South Wales will have access to our Live Stream and Online Bidding Platform strictly via prior arrangement.

Interstate Live Stream and Bidding Facilities will be available at the below Venues;

Brisbane - Dexus Place – Waterfront Place, Level 31, 1 Eagle Street, Brisbane
Melbourne - Dexus Place - Level 14, 385 Bourke Street, Melbourne

Should you hold interest in bidding on the asset from one of these locations or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.