OFF MARKET

1 Five Islands Road
Cringila NSW 2502

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 567m2
Land area: 11450m2
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Property Details for 1 Five Islands Rd, Cringila

Building Type
Commercial
Floor Size
567m2
Land Size
11450m2
Local Government
Wollongong
Lot/Plan
1/DP706704

Last Listing description (May 2017)

A prime industrial position right next door to BOC Gas and moments from major transport routes, port and amenities, this block is supremely central while having the coveted IN3 heavy industrial zoning.
With established office (182m2) and two workshop facilities (165m2 and 220m2) but only 5.2% of total site coverage, there is substantial land to expand your business or generate income through sub-letting.
Utilise the benefits of 24-hour production, the cost effectiveness of gas and its strategic location to take your business well beyond the next level.

Location: Situated next door to BOC, gas can be easily and cost effectively be piped into the block. 4 minutes from Port Kembla, 10 minutes to Wollongong CBD and 70 minutes to Sydney Airport or CBD.
Access: Five Islands Road has three lanes ideal for truck use, an entry easement leads directly to the site. A frontage of 16 metres with a flexible gate provides for easy B - Double access.
Office and Facilities Block
This 182sqm building is in two parts. The first building features a reception, five offices, lunchroom and kitchenette, and meeting room.
The second part of the building is a double brick block with a meeting/showroom, first aid room and kitchen with a commercial oven. Utilities block with showers, locker room with a separate electric water tank.
Workshops
One - 165sqm workshop is constructed on a concrete slab with steel portal frame clad with sheet metal. With vehicle access door (4.7 Wide/4.8m height) and a 5 tonne gantry crane (with 4.0m clearance). The ceiling height is 4.0m. This building has its own power supply box and has the ability to be separately metered.
Two - 220sqm workshop is constructed on a concrete slab with steel portal frame clad with sheet metal. With vehicle access door (4.8 wide/4.8 height) and a 3 tonne gantry crane (with 4.0m clearance). The ceiling height is 4.0m. This building holds both the power boxes but has the ability to be separately metred. There is also 29sqm of storage attached to this workshop.
Land/Parking: There is provision for 10 staff vehicles and significant hardstand land in the side and rear. Create more hardstand land by excavating the portion of the hillside zoned IN3.
Rental Income: The rental return potential is $115,000 annually
Zoning Specifications:
Min. Lot Size = 3999sqm
IN3 Heavy Industrial - 24 hour operation
A portion of the hillside is zoned E3 Environmental Protection

Property History for 1 Five Islands Rd, Cringila, NSW 2502

A timeline of how this property has performed in the market
Last Sold
$1,223,750
13 Jan 2017
Listed for Rent
$2.20k/w
14 Oct 2015
  • 13 Jan 2017
    Sold for $1,223,750
  • 07 Oct 2015
    Listed for Rent $115,000 / year
  • 15 Sep 2015
    Listed for Sale Expressions of Interest
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About Cringila 2502

The size of Cringila is approximately 1.8 square kilometres. It has 5 parks covering nearly 6.2% of total area. The population of Cringila in 2011 was 2,114 people. By 2016 the population was 2,199 showing a population growth of 4.0% in the area during that time. The predominant age group in Cringila is 0-9 years. Households in Cringila are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cringila work in a labourer occupation. In 2011, 74.5% of the homes in Cringila were owner-occupied compared with 68.5% in 2016.

Cringila has 874 properties. Over the last 5 years, Houses in Cringila have seen a 67.32% increase in median value, while Units have seen a 44.55% increase. As at 31 October 2024:

  • The median value for Houses in Cringila is $709,704 while the median value for Units is $602,095.
  • Houses have a median rent of $500 while Units have a median rent of $350.
There are currently 1 property listed for sale, and 5 properties listed for rent in Cringila on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Cringila.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.