OFF MARKET

3/1 Memorial Drive
Shellharbour City Centre NSW 2529

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 115m2
Land area: 147m2
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Property Details for 3/1 Memorial Dr, Shellharbour City Centre

Building Type
Commercial
Year Built
2017
Floor Size
115m2
Land Size
147m2
Local Government
Shellharbour
Lot/Plan
10/SP90846

Last Listing description (June 2024)

Welcome to a prime investment opportunity nestled in the heart of Shellharbour's bustling CBD. This commercial property boasts seven meticulously designed offices, each currently leased, ensuring a steady and lucrative yearly return. Accompanied by a spacious boardroom accessible for all tenancies, this property promises convenience and functionality for diverse business needs. With air conditioning throughout ensuring year-round comfort and a communal kitchenette facilitating a collaborative workspace, this establishment is tailored to enhance productivity while providing a comfortable work environment.

Situated in a sought-after location amidst the vibrant business hub of Shellharbour CBD, this property offers unparalleled exposure and accessibility. Its strategic placement opposite the renowned Stockland Shellharbour Mall ensures high visibility and foot traffic, presenting an enviable opportunity for businesses seeking prominence and growth. The high-exposure frontage serves as a magnet for attracting customers and clients, making it an ideal space for businesses aiming to thrive in a dynamic and thriving commercial landscape.

Outgoings:

Strata $7,596 approx. per year
Council Rates $1,224 approx. per year
Water $1,000 approx. per year
NBN $1,091approx. per year
Electricity $1,225 approx. per year

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Property History for 3/1 Memorial Dr, Shellharbour City Centre, NSW 2529

A timeline of how this property has performed in the market
Last Sold
$710,000
10 Jan 2020
Listed for Rent
$13k/w
12 Sep 2023
  • 06 Jun 2024
    Listed for Sale Price Guide $1,200,000
  • 15 Nov 2023
    Listed for Sale $1,200,000
  • 05 Jun 2023
    Listed for Rent $13,200 / year
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About Shellharbour City Centre 2529

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:

  • The median value for Houses in Shellharbour City Centre is $977,915 while the median value for Units is $696,384.
  • Units have a median rent of $620.
There are currently 12 properties listed for sale, and 11 properties listed for rent in Shellharbour city centre on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Shellharbour city centre.

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