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275 Princes Hwy 1,604 SF Retail Building Corrimal, NSW 2518 For Sale
Investment Highlights
- Dual street frontage spanning more than 62 meters with accessible ingress and egress.
- Opposite Woolworths and Dan Murphy’s and near Coles, leveraging consistent retail traffic.
Executive Summary
This is a rare opportunity to secure a fully leased investment that delivers both stability and growth potential in a high-traffic location. EG Ampol Corrimal benefits from a longstanding net lease through 2028, with a further five-year option taking occupancy to 2033. The tenant, EG Group, is among the world’s largest fuel and convenience operators, generating $24 billion in annual revenue across 5,600 global locations and more than 500 Australian sites.
The property’s current rental position is below market levels, providing considerable scope for future rental uplift. Additional value is offered by embedded annual CPI rental escalations and a true net lease structure in which the tenant pays all outgoings, including land tax. Environmental liability considerations are mitigated, with EG Group assuming full responsibility for site remediation.
Prominently set on a corner with dual street frontage exceeding 62 meters, the site offers excellent ingress and egress on the Princes Highway. Positioned directly opposite a Woolworths and Dan Murphy’s anchored shopping mall—and proximate to a Coles-centric retail precinct—the property enjoys exceptional exposure and strong underlying land value in a growth corridor only 6 km from Wollongong CBD.
This asset will be sold via CBRE’s Investment Portfolio Auction at the Sydney Opera House, reinforcing its status as a premier convenience retail investment.
The property’s current rental position is below market levels, providing considerable scope for future rental uplift. Additional value is offered by embedded annual CPI rental escalations and a true net lease structure in which the tenant pays all outgoings, including land tax. Environmental liability considerations are mitigated, with EG Group assuming full responsibility for site remediation.
Prominently set on a corner with dual street frontage exceeding 62 meters, the site offers excellent ingress and egress on the Princes Highway. Positioned directly opposite a Woolworths and Dan Murphy’s anchored shopping mall—and proximate to a Coles-centric retail precinct—the property enjoys exceptional exposure and strong underlying land value in a growth corridor only 6 km from Wollongong CBD.
This asset will be sold via CBRE’s Investment Portfolio Auction at the Sydney Opera House, reinforcing its status as a premier convenience retail investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,604 SF
Building Class
C
NOI
$167,583
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.25 AC
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275 Princes Hwy
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