A five-level commercial building in the Wollongong CBD has been listed for sale, with agents expecting it to set a new price benchmark for the region.
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The property is fully leased to tenants including the Australian Taxation Office, ANZ Bank and the Australian Red Cross Blood Service.
Located at 45 Kembla Street, the property offers 6761sqm of net lettable area on a 2675sqm site.
It was built in 2013, and also features 92 car spaces over two basement levels.
It will be marketed by Knight Frank agents Ben Mostyn and Tyler Talbot on behalf of a private owner.
Mr Mostyn said the property was located in the heart of Wollongong.
"With Wollongong being one of the best performing markets in Australia, we expect buyer demand for this asset to be strong, with interest expecting to come from both overseas and domestic buyers," he said.
"This asset neighbours upcoming developments such as the IMB Headquarters and Lang's Corner."
Mr Mostyn said there is no price guide available at this stage, but expected it to set a new benchmark for A-Grade office space in the Illawarra.
It has a NABERS energy rating of 5.5 stars and 5 star Green Star rating.
Mr Talbot said aside from location, the Kembla Street office building had many strong investment fundamentals, including its high-quality accommodation and secure long-term income.
The Kembla Street property will be taken to the market via an Expressions of Interest campaign closing Thursday, August 27 at 4pm.
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