WHK Commercial are delighted to offer this double story commercial asset to the market, For Sale.
Located in the highly sought after Shellharbour City Centre Retail hub and ideally situated on the corner of Burra Pl and New Lake Entrance Rd, 1 Burra Pl is the focal point of all passer-by traffic and enjoys full tenancy up to April 2023 with options extending to 2045.
Positioned adjacent to Stockland Shellharbour and within walking distance to high profile medical facilities and the entertainment and dining quarter, this property presents a solid investment and strong returns.
* Long term Leases with options extending to 2025 and up to 2045
* Quality tenancies including Professional services and restaurant
* Net Rental $349,527.24 PA
* 1499 sqm of lettable area on 1141sqm block
* Prominent corner location with high foot & vehicle passer by traffic
* Basement Parking for staff and visitors for 17+ Cars and storage rooms
The size of Shellharbour City Centre is approximately 0.8 square kilometres. It has 7 parks covering nearly 28.2% of total area. The population of Shellharbour City Centre in 2011 was 22 people. By 2016 the population was 248 showing a population growth of 1027.3% in the area during that time. The predominant age group in Shellharbour City Centre is 80-89 years. Households in Shellharbour City Centre are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Shellharbour City Centre work in a community and personal service occupation. In 2006, 33.3% of the homes in Shellharbour City Centre were owner-occupied compared with 60% in 2011.
Shellharbour City Centre has 851 properties. Over the last 5 years, Houses in Shellharbour City Centre have seen a 59.14% increase in median value, while Units have seen a 31.88% increase. As at 30 November 2024:
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