29 Ruddock St 4,090 SF Industrial Building Corrimal, NSW 2518 $1,013,180 ($247.70/SF) 5.18% Cap Rate

This freehold industrial property at 29 Ruddock Street, Corrimal, presents a compelling investment opportunity in the Illawarra region. Positioned on a substantial 882.8 sqm land parcel, the asset combines secure income with future development potential (STCA). The property features a functional 380 sqm building footprint, three-phase power, and a 4.2-meter electric roller door, supporting a wide range of industrial and warehousing uses. Additional amenities include separate male and female restrooms and secure on-site parking.
The property is currently leased, generating $72,500 per annum plus GST, with the tenant responsible for all outgoings except lawn maintenance. The lease term runs through April 6, 2028, providing income stability for investors. Located in the heart of Corrimal, the site benefits from excellent exposure to Railway Street and convenient access to surrounding commercial and industrial precincts. With a floor space ratio of 0.75:1 and strong regional growth trends, this property offers both immediate returns and long-term upside for portfolio diversification.