NORTHERN SUBURBS COMMERCIAL CENTRES LEAD ... - MMJ MMJ Wollongong’s Commercial Property &...

download NORTHERN SUBURBS COMMERCIAL CENTRES LEAD ... - MMJ MMJ Wollongong’s Commercial Property & Asset Management

of 4

  • date post

    05-Aug-2020
  • Category

    Documents

  • view

    1
  • download

    0

Embed Size (px)

Transcript of NORTHERN SUBURBS COMMERCIAL CENTRES LEAD ... - MMJ MMJ Wollongong’s Commercial Property &...

  • C O M M E R C I A L C E N T R E S L E A D T H E W A Y

    NORTHERN SUBURBS

    JUNE 2018

  • NORTHERN SUBURBS COMMERCIAL CENTRES

    COLEDALE

    AUSTINMER

    THIRROUL

    BULLI

    WOONONA

    CORRIMAL

    FAIRY MEADOW

    BALGOWNIE

    FERNHILL

    TOURISM IN THE NORTHERN SUBURBS The Northern Suburbs offers a number of tourist attractions including a spectacular green backdrop, several vibrant eating and entertainment zones and more than ten amazing beaches.

    1. SYMBIO WILDLIFE PARK 2. BALD HILL TOURIST CAFE 3. SEACLIFF BRIDGE 4. SCARBOROUGH HOTEL 5. HEADLANDS HOTEL 6. GREAT BEACHES 7. SUPERB ASPECTS & VIEWS

    1 2

    3 4

    5 6

    7

    PUBLIC INVESTMENT

    BALD HILL TOURIST CAFE

    SEA CLIFF BRIDGE

    NEW PARKS WOONONA & THIRROUL

    IMPROVED TRAFFIC & ROAD SYSTEM

    NEW & CONTINUED DEVELOPMENTS

    BUNNINGS BELLAMBI

    WOOLWORTHS BULLI

    MEDICAL WOONONA &

    CORRIMAL

    HEADLANDS HOTEL

    EDGEWOOD ESTATE

    SANDON POINT & MCCAULEYS

    BEACH

    INNOVATION CAMPUS &

    CAMPUS EAST

    BEACHES TOWRADGI

    THE VILLAGE

    CORRIMAL

    CORRIMAL COKEWORKS

    REDEVELOPMENT

  • The nine commercial centres in the northern suburbs of Wollongong are continuing to show the benefits of increased tourist visitation and a continued residential population growth.

    The area from Fairy Meadow to Coledale has a population of 59,635* and has nine commercial centres. The larger of those being Fairy Meadow, Corrimal, Woonona, Balgownie and Thirroul.

    The residential market in the Northern Suburbs has seen a rapid and unprecedented housing price growth over the past five years, with an estimated 40% or more of all buyers coming from Sydney. With little or no greenfield sites for subdivision, a steady population growth has been achieved through infill development.

    Major developments recently completed, include Edgewood, McCauleys Beach, Bulli Brickworks, Sandon Point, Beaches Towradgi, Headlands Hotel, Wollongong University Innovation Campus and Campus East.

    The commercial market has seen several blue-chip companies establish new outlets including Woolworths Bulli, Bunnings Bellambi, three new medical centres and the Headlands Hotel redevelopment which includes luxury holiday apartments.

    N O R T H E R N S U B U R B S M A R K E T S Y N O P S I S

    SMARTER STRATEGIES

    ENGAGING THE MARKET

    DELIVERING R ESULTS

    *Approximate Only Source: Australian Bureau of Statistics 2016 Census QuickStats

    Further strong public investment into the area includes the construction of the new “Bald Hill” Tourist Centre and Café, new public parks in Thirroul and Woonona, an extension of cycle pathways and improved road traffic systems.

    Increased tourism has led to the emergence of a significant number of new café’s, bars and restaurants. Subsequently local residents and visitors are benefiting from improved amenities and lifestyle.

    The nine major Northern Suburbs commercial centres have all benefited with property owners seeing reduced vacancy, improved trading conditions for tenants and strong sale prices.

    With little or no new retail or commercial product planned in the area, these current strong market conditions are predicted to continue.

    Geoff Jones MMJ Wollongong Managing Director.

    MMJ WOLLONGONG info@mmj.com.au 02 4229 5555

    Geoff Jones

  • SOLD BY MMJ

    UNDER MANAGEMENT BY MMJ MMJ Wollongong’s Commercial Property & Asset Management team currently manage a diverse array of properties across a substantial Northern Suburbs portfolio, listed below are just some of the properties in our portfolio.

    SUBURB ADDRESS TYPE WOONONA 417-421 Princes Highway Mixed Retail / Commercial AUSTINMER 104 Lawrence Hargrave Drive Mixed Retail / Commercial THIRROUL 303-307 Lawrence Hargrave Drive Retail CORRIMAL 24-26 Underwood Street Government (Centrelink) FAIRY MEADOW 99 Princes Highway Bulky Goods Retail

    FOR SALE BY MMJ AUCTION: 6:00PM, TUESDAY 19TH JUNE, WOLLONGONG GOLF CLUB

    BULLI 241 Princes Highway

    SOLD SOLD SOLD SOLD

    THIRROUL 355 Lawrence Hargrave Drive

    WOONONA 417-421 Princes Highway

    THIRROUL 34-38 Hewitts Avenue

    THIRROUL HOTEL, THIRROUL 222 Lawrence Hargrave Drive

    SOLD SOLD SOLD

    HEADLANDS HOTEL, THIRROUL 1 Yuruga Street (40+ Residential Units)

    ANITAS THEATRE, THIRROUL 264-270 Lawrence Hargrave Drive

    THIRROUL 216-218 Lawrence Hargrave Drive

    THIRROUL 378-384 Lawrence Hargrave Drive

    AUCTION AUCTIO N

    BALGOWNIE 131-133 Balgownie Road

    FAIRY MEADOW 43-45 Princes Highway

    SOLD PR IOR

    SOLD