SOLD
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Sold on 19 Sep 2024 - Price Unavailable

81-83 Wentworth Street
Port Kembla NSW 2505

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 242m2
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Property Details for 81-83 Wentworth St, Port Kembla

Building Type
Commercial
Floor Size
242m2
Local Government
Wollongong
Lot/Plan
A/DP411664

Last Listing description (September 2024)

POTENTIAL RENT OVER $93,000 PLUS

Elders Real Estate Wollongong are offering you this opportunity to acquire an Entry Level - Commercial Suite/s

Positioned in well-established Wentworth Street - TWO LEVEL – Commercial/Retail building

The building is well maintained, with polished floors and high ceilings.

Ground Floor features:
- High profile ground floor suite, with direct street access
- New 3 year lease of $300 per week
- Net lettable area of 34m2
- Occupied by an accountancy firm
- Bright open area.
- Kitchenette

First Floor features:
- Large - full floor of 208 m2 net lettable area
- Currently divided into multiple trendy, creative, well established business suites.
- Suites are all different sizes and are immaculately presented.
- Potential rent of $78,000 plus p.a
- Kitchenette facilities
- Air-conditioned
- Bathroom amenities
- Multiple storage area
- Rear lane access, with multiple on site parking spots.

Property offers a very good return on investment with potential rental return of over $93,000 plus.

If you are looking at adding to your commercial property portfolio, or entering the market , this is a very good entry level opportunity.

Looking for genuine investors. Owners will consider a split sale of the suites.

This rare commercial property is being offered for sale as a Company Title ownership, by way of a self-managed system – and outgoings are very well organised and affordable,

Located in the central Port Kembla business precinct, super close proximity to Port Harbour operation, famous Port Beach, schools, shops, and cafes. Only minutes to Wollongong CBD and Shopping Precinct, Wollongong University, Innovation Campus, Both Public and Private Hospitals

Sydney CBD, and airport only 1 hour away

Call today and schedule your private inspection.

Property History for 81-83 Wentworth St, Port Kembla, NSW 2505

A timeline of how this property has performed in the market
Last Sold
19 Sep 2024
Listed for Rent
$349/w
27 Jul 2020
  • 19 Sep 2024
    Sold
  • 28 Sep 2023
    Listed for Sale Price Guide $690,000- $750,000
  • 20 Oct 2021
    Listed for Sale $175,000
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About Port Kembla 2505

The size of Port Kembla is approximately 14.5 square kilometres. It has 16 parks covering nearly 11.3% of total area. The population of Port Kembla in 2011 was 4,883 people. By 2016 the population was 5,001 showing a population growth of 2.4% in the area during that time. The predominant age group in Port Kembla is 50-59 years. Households in Port Kembla are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Kembla work in a trades occupation. In 2011, 65.1% of the homes in Port Kembla were owner-occupied compared with 62.7% in 2016.

Port Kembla has 2,919 properties. Over the last 5 years, Houses in Port Kembla have seen a 52.60% increase in median value, while Units have seen a 45.24% increase. As at 30 September 2024:

  • The median value for Houses in Port Kembla is $840,952 while the median value for Units is $671,041.
  • Houses have a median rent of $600 while Units have a median rent of $420.
There are currently 10 properties listed for sale, and 16 properties listed for rent in Port kembla on OnTheHouse. According to CoreLogic's data, 93 properties were sold in the past 12 months in Port kembla.

Suburb Insights for Port Kembla 2505

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Contact agent
Lou Niceski
Show contact details
Elders Real Estate Wollongong
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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.