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87-89 King St 7,050 SF Industrial Building Warrawong, NSW 2502 For Sale
Investment Highlights
- Surrounded by national retailers and near the redeveloped Warrawong Plaza with increased residential density planned.
- Positioned on a 1,271 m² freehold landholding with 36 meters of frontage to King Street.
- High-exposure showroom within a tightly held large-format retail precinct.
Executive Summary
This freehold large format retail investment at 87-89 King Street, Warrawong provides an attractive opportunity in a high-profile NSW South Coast location. Anchored by a longstanding national tenant, Original Mattress Factory (OMF), the property features a renewed seven-year lease extending to 2033, marking over 18 years of continuous occupancy. As Australia’s largest sleep specialist, OMF operates more than 50 retail stores and two distribution centers, ensuring a stable, tenant-backed income stream.
The site occupies a prominent position on King Street, a major arterial route offering significant daily traffic exposure. Surrounding the property are renowned retailers such as McDonald’s, The Good Guys, BCF, and KFC, alongside the soon-to-be-redeveloped Warrawong Plaza, reshaping the local retail and residential landscape with plans for approximately 1,300 new homes. This easy-to-manage investment delivers secure annual rent reviews linked to CPI, capped at 4%, enhancing its long-term value proposition.
The 665 m² showroom benefits from roller door loading access and 36 meters of highway frontage, paired with 10 on-site parking spaces. Warrawong’s location within a growth corridor is underscored by a forecast 30% population increase in the greater Wollongong area by 2046, reinforcing the property’s future demand dynamics. Positioned just 8 km from Wollongong CBD, the asset combines strong tenant covenant, visibility, and growth upside, making it a compelling addition to any retail investment portfolio.
The site occupies a prominent position on King Street, a major arterial route offering significant daily traffic exposure. Surrounding the property are renowned retailers such as McDonald’s, The Good Guys, BCF, and KFC, alongside the soon-to-be-redeveloped Warrawong Plaza, reshaping the local retail and residential landscape with plans for approximately 1,300 new homes. This easy-to-manage investment delivers secure annual rent reviews linked to CPI, capped at 4%, enhancing its long-term value proposition.
The 665 m² showroom benefits from roller door loading access and 36 meters of highway frontage, paired with 10 on-site parking spaces. Warrawong’s location within a growth corridor is underscored by a forecast 30% population increase in the greater Wollongong area by 2046, reinforcing the property’s future demand dynamics. Positioned just 8 km from Wollongong CBD, the asset combines strong tenant covenant, visibility, and growth upside, making it a compelling addition to any retail investment portfolio.
Property Facts
| Sale Type | Investment | Rentable Building Area | 7,050 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Showroom | Tenancy | Single |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.31 AC |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.31 AC |
| Rentable Building Area | 7,050 SF |
| No. Stories | 1 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
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87-89 King St
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