OFF MARKET

51 Pringle Road
Fernhill NSW 2519

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 426m2
Land area: 1934m2
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Property Details for 51 Pringle Rd, Fernhill

Building Type
Commercial
Floor Size
426m2
Land Size
1934m2
Local Government
Wollongong
Lot/Plan
24/DP608427

Last Listing description (December 2015)

Rarely does an opportunity like this become available for sale.
A fully leased industrial investment offers a rare three sources of income from major tenants, creating a sought after, secure yield investment opportunity.
The site comprises of a 426m (approx.) warehouse featuring; a 5 tonne crane, mezzanine storage area, office, full amenities plus a separate telecommunications tower on a large 2,000m block of land.

Secured on a 5 year lease with options, Touleng Services have committed to a long term lease, after already being an existing tenant for over 10 years. The site also includes a telecommunications tower that is operated by major telco tenants, Telstra and Crown Castle.
Don t miss this chance to acquire a triple income investment in a thriving industrial precinct of Fernhill, located between Fairy Meadow and Corrimal, 10 minute drive to Wollongong CBD and 1.5 hours drive south of Sydney CBD.
Contact Colliers International Wollongong for more information and to obtain a fully detailed information memorandum.
Strong tenancy mix with great lease profiles
Three sources of income totalling $134,892 pa gross
Great lease terms in place
Strategically located in the expanding northern growth corridor
Approx. 426m freehold warehouse on a large 2,000m block of land
High yielding asset

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Property History for 51 Pringle Rd, Fernhill, NSW 2519

A timeline of how this property has performed in the market
Last Sold
$1,600,000
22 Dec 2016
  • 22 Dec 2016
    Sold for $1,600,000
  • 20 Oct 2015
    Sold for $1,350,000
  • 04 Sep 2015
    Listed for Sale EXPRESSIONS OF INTEREST CLOSING THU 8 OCT
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About Fernhill 2519

The size of Fernhill is approximately 0.4 square kilometres. It has 5 parks covering nearly 5% of total area. The population of Fernhill in 2011 was 1,024 people. By 2016 the population was 1,011 showing a population decline of 1.3% in the area during that time. The predominant age group in Fernhill is 50-59 years. Households in Fernhill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fernhill work in a professional occupation. In 2011, 46.1% of the homes in Fernhill were owner-occupied compared with 45.3% in 2016.

Fernhill has 512 properties. Over the last 5 years, Houses in Fernhill have seen a 75.13% increase in median value, while Units have seen a 42.02% increase. As at 31 October 2024:

  • The median value for Houses in Fernhill is $1,207,926 while the median value for Units is $843,004.
  • Houses have a median rent of $680.
There are currently 3 properties listed for sale, and 1 property listed for rent in Fernhill on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Fernhill.

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