398 Crown StreetWollongong NSW 2500
Property Details for 398 Crown St, Wollongong
Last Listing description (April 2024)
For Sale | Inspect by Private Appointment
Elders Real Estate Wollongong are proud to offer you this exciting opportunity to acquire a significant CDB Commercial Investment Property.
Well positioned, modern, corner Crown and Rosemont Street's location.
Leased long term to three Medical/Professional tenants
Rental return approx. $380,000 return pa plus GST
Land area approx. 2630m2
Suite 1 - 398 Crown
- Professional Dental Specialist Group
- Brand new fit out
- Airconditioned
Suite 2 - 402 Crown
- Professional Medical Specialist
- Modern fit out
- Airconditioned
Suite 3 - 60 Rosemont street
- Physical Therapy Health Group
- Multiple medical consulting rooms
- Rehab heated pool
- Large gymnasium
- Airconditioned
Approx. 20 plus on-site car spaces
Central CBD fringe location, Ideally positioned within the Wollongong Public and Private Hospitals and medical related Precinct. Super close proximity to Wollongong University, Beaches, schools, shops, and cafes,
Easy convenience to M1 Motor way
Sydney CBD, and airport only 1 hour away
Rare opportunity – solid secure investment
Call today and schedule your private inspection.
Property History for 398 Crown St, Wollongong, NSW 2500
- 29 Apr 2024Sold for $1,000,000
- 20 Dec 2023Listed for Sale Expressions Of Interest
- 16 Nov 2021Listed for Rent - Price not available
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0About Wollongong 2500
The size of Wollongong is approximately 5.9 square kilometres. It has 28 parks covering nearly 23.4% of total area. The population of Wollongong in 2011 was 16,716 people. By 2016 the population was 18,454 showing a population growth of 10.4% in the area during that time. The predominant age group in Wollongong is 20-29 years. Households in Wollongong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wollongong work in a professional occupation. In 2011, 39.6% of the homes in Wollongong were owner-occupied compared with 39.6% in 2016.
Wollongong has 15,644 properties. Over the last 5 years, Houses in Wollongong have seen a 51.69% increase in median value, while Units have seen a 35.68% increase. As at 31 July 2024:
- The median value for Houses in Wollongong is $1,101,944 while the median value for Units is $752,787.
- Houses have a median rent of $673 while Units have a median rent of $580.
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