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Positioned in one of the Illawarra's most tightly held beachside suburbs, 108 Lawrence Hargrave Drive presents a rare opportunity to secure an absolute premium freehold commercial investment with direct beach frontage.
This two-storey 695m2* building is set on a 721m2* parcel of land and boasts a highly functional layout. The property is 100% leased to a single tenant, since 2008, to Tibra Global Services, a global financial services firm, with a brand new 5-year lease in place, commencing 1 July 2025 and returning $410,481.49 + GST per annum net.
Positioned along the iconic Grand Pacific Drive, the property offers unbeatable exposure to a high volume of traffic, constant tourist flow, and easy access to the Sea Cliff Bridge, Wollongong and Sydney.
Investment highlights:
• Prominent position in Austinmer village with unmatched ocean views
• Ground floor: 195m2* | First floor: 500m2*
• Total floor area: 695m2*
• Rental return $410,481.49* + GST P.A.
• New 5-year lease with options (3 x 3 years) and CPI + market rent reviews
• Long term tenancy in place since 2008
• Outgoings paid by tenant
• Internal amenities and lift access to both levels
• Flexible E1 Local Centre zoning under Wollongong City Council LEP
• Prime location just metres from Austinmer Beach, Austinmer Railway Station, and local amenity
This property offers the perfect blend of lifestyle and investment, appealing to passive investors seeking long term secure income in a prestigious coastal location.
For Sale by Expressions of Interest closing Thursday 18 September at 4pm (AEST).
For further information or to arrange a private inspection of the property, contact the exclusive agents on the below:
Simon Kersten | 0419 333 533
Taleah Thomas | 0466 610 444
Remember to mention you found this property on CommercialReady
Positioned in one of the Illawarra's most tightly held beachside suburbs, 108 Lawrence Hargrave Drive presents a rare opportunity to secure an absolute premium freehold commercial investment with direct beach frontage.
This two-storey 695m2* building is set on a 721m2* parcel of land and boasts a highly functional layout. The property is 100% leased to a single tenant, since 2008, to Tibra Global Services, a global financial services firm, with a brand new 5-year lease in place, commencing 1 July 2025 and returning $410,481.49 + GST per annum net.
Positioned along the iconic Grand Pacific Drive, the property offers unbeatable exposure to a high volume of traffic, constant tourist flow, and easy access to the Sea Cliff Bridge, Wollongong and Sydney.
Investment highlights:
• Prominent position in Austinmer village with unmatched ocean views
• Ground floor: 195m2* | First floor: 500m2*
• Total floor area: 695m2*
• Rental return $410,481.49* + GST P.A.
• New 5-year lease with options (3 x 3 years) and CPI + market rent reviews
• Long term tenancy in place since 2008
• Outgoings paid by tenant
• Internal amenities and lift access to both levels
• Flexible E1 Local Centre zoning under Wollongong City Council LEP
• Prime location just metres from Austinmer Beach, Austinmer Railway Station, and local amenity
This property offers the perfect blend of lifestyle and investment, appealing to passive investors seeking long term secure income in a prestigious coastal location.
For Sale by Expressions of Interest closing Thursday 18 September at 4pm (AEST).
For further information or to arrange a private inspection of the property, contact the exclusive agents on the below:
Simon Kersten | 0419 333 533
Taleah Thomas | 0466 610 444
Remember to mention you found this property on CommercialReady
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