Stone Real Estate is pleased to present 37 King Street, Warrawong for sale via Private Treaty. The high-profile asset offers investors the flexibility to acquire 2 blue-chip tenants in one location.
The title comprises a newly completed Ampol service station and a Red Rooster drive-through. This landmark offering is situated in the heart of the Warrawong retail precinct, surrounded by major national anchors such as Woolworths, Coles, and Aldi.
Ideally located just 10 minutes from the Wollongong CBD and 75 kilometres south of Sydney, the site benefits from over 66 metres of combined frontage on an arterial road. With significant infrastructure investment and rapid population growth in the area, these properties are perfectly positioned to capitalise on the increasing demand for convenience-based retail.
Investment Highlights:
* 100% of Income Secured by National Tenants
Ampol and Red Rooster are strong, established national brands with secure long-term leases.
* Brand New Construction & Significant Depreciation
Buildings were completed recently (Ampol 2023; Red Rooster 2023), offering maximum depreciation benefits.
* Strong Lease Covenants & Fixed Reviews
Ampol 14 September 2035 and Red Rooster 24 September 2035
* Prime Arterial Road Exposure
66 metres of combined frontage to King Street, a major road servicing over 40,000 vehicles daily.
* Strategic Growth Location
Positioned in Warrawong, a major retail precinct surrounded by national retailers (Woolworths, Coles, ALDI), within a 10-minute drive of Wollongong CBD.
* Long-Term Development Upside
Flexible E2 – Commercial Centre zoning and generous 24-metre maximum building heights offer future development potential across both titles.
Property Details):
* Metric 37 King Street
* Tenant Ampol & Red Rooster
* Net Income $622,688 p.a.
* Lease Expiry 24 & 14 Sept 2035
* Site Area 2,733m²
* GLAR Size 1,239m²
* Car Parking 15 on-grade
* FSR 2.5:1
* HOB 24m
* Zoning E2 Commercial Centre
Please contact Dean Haustead to arrange access to the due diligence information or to organise an inspection.
Notations:
1. All figures referenced herein are in AUD, GST exclusive and are approximate only.
2. All areas and measurements referenced herein are approximate only.
3. All figures have been provided by third parties and while represented in good faith, prospective purchasers should rely on their own due diligence.
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*Approximate.
