Knight Frank is pleased to present to the market the exclusive opportunity to acquire D & D Group's established NSW asset portfolio. This portfolio offers instant scale and diversified exposure to both Sydney and Wollongong's sought after property markets. From fully leased commercial buildings in Wollongong's CBD to under-developed, high profile sites and industrial buildings in Western Sydney, the assets are available for purchase in one line via International Expressions of Interest and will provide the hands-on investor with terrific opportunity.
The D & D Portfolio offers investors all the critical investment attributes to achieve overwhelming success.
Everything a Portfolio should be - Diverse & Dynamic:
- Diverse portfolio of properties
- High profile sites found within multiple locations
- Land-rich under-utilised assets
- National and corporate tenants
The properties also present a genuine value adding opportunity. With a relatively short WALE, many of the sites offer short term redevelopment upside, which further adds to the compelling nature of this very rare offering.
This will be a high performing pillar of any portfolio and a place where inspiration meets aspiration for many years to come. The sites are being offered in one line.
Key features of 47-55 Flinders Street, Wollongong NSW 2500, include:
- Prominent corner site area of 4,488 sqm*
- B6 Enterprise Corridor Zoning
- Fully leased
- Major tenants include Mpc Automotive, W.T.H. Pty Ltd Avis, Budget Rent A Car Australia P/L, D & D Group, Kmart Australia and Car Lovers
47-55 Flinders Street is located on the entrance to Wollongong City being a gateway site. This prominent corner site is located on the corner of Flinders and Campbell Street Wollongong. The property boasts substantial long term income with future development upside given the properties proximity to the CBD of Wollongong and surrounding development pipeline.
The property directly opposite Bunnings Wollongong is currently tenanted by AVIS Car Rentals, Budget Car Rentals, MYCAR (Wesfarmers subsidiary) and a prominent corner Car Wash.
For more information and a copy of the Information Memorandum, please contact the exclusive agent Knight Frank.
This portfolio is being sold via Expressions of Interest closing on Tuesday 22nd of June 2021 at 4pm (AEST).
*Approximate
