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392 Princes Hwy 1,259 SF Retail Condo Unit Offered at $796,070 in Woonona, NSW 2517
Investment Highlights
- Positioned within a strong retail strip benefiting from heavy vehicle and pedestrian traffic.
- Located less than 10 minutes from Wollongong CBD, enhancing local and regional connectivity.
- Immediate access to public transport with multiple bus stops within 200 meters.
Executive Summary
It is positioned along the Princes Highway corridor, north of Wollongong, and falls within an established retail precinct with a mix of small businesses and service providers. Public transportation is accessible with several bus stops located within a short walk.
1 Unit Available
Unit 8 & 9
| Unit Size | 1,259 SF | Sale Type | Investment or Owner User |
| Price | $796,070 | Cap Rate | 6.88% |
| Price Per SF | $632.30 | NOI | $54,768.89 |
| Condo Use | Retail |
| Unit Size | 1,259 SF |
| Price | $796,070 |
| Price Per SF | $632.30 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.88% |
| NOI | $54,768.89 |
Description
This location, just minutes north of Wollongong, is surrounded by a mix of national and local retailers, providing strong co-tenancy benefits and consistent consumer activity. Key transport links, including bus connections within 30 meters and proximity to major residential zones, enhance accessibility for both customers and staff. With its long-term tenancy, income security, and strategic position along a high-exposure corridor, this is a compelling passive investment opportunity for those seeking stable returns and asset growth in a dynamic coastal market.
Sale Notes
A rare tenanted retail investment opportunity located in the vibrant Woonona retail precinct along Princes Highway. Comprising two adjoining retail shops on a combined 117 m² site, this asset benefits from continuous visibility and substantial daily traffic flow along one of Illawarra's key arterial routes.
The property is fully occupied by a single established tenant under a secure lease through November 2026, with two additional 3-year options extending the potential term through November 2032. Investors can leverage an approximate net rental return of $75,679 per annum, reflecting a solid yield of approximately 6.88%.
Dining area
Kitchen
Property Facts
| Total Building Size | 10,699 SF | Floors | 3 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,566 SF |
| Property Subtype | Apartment | Tenancy | Single |
| Building Class | C | Lot Size | 0.21 AC |
| Total Building Size | 10,699 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 3,566 SF |
| Tenancy | Single |
| Lot Size | 0.21 AC |
Presented by
392 Princes Hwy
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