21-23 Denison St, Wollongong_Property for Sale

21-23 Denison Street, Wollongong, NSW, 2500, AU

21-23 Denison St, Wollongong

Asset description

JLL is pleased to present Sonic Healthcare Wollongong, located at 21-23 Denison St, Wollongong NSW. Boasting a prime location within the tightly held Wollongong medical precinct, the asset provides a 100% leased investment underpinned by ASX listed Sonic Healthcare (ASX: SHL). The modern facility provides a robust 6+ year WALE with significant tenant investment in fit out. Additionally, the favourable MU1 Mixed Use zoning also allows for considerable vertical expansion possibilities (STCA).

Sonic Healthcare Wollongong is offered for sale by Expressions of Interest closing 4:00pm AEDT on Thursday, 27th March 2025. For further information or access to the Electronic Data Room please contact the exclusive selling agents.

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Attributes

Parking spaces

NOI

CA$679,000

Occupancy

100%

Land area gross

2,787 sm

Media

Investment highlights

Prime location within the tightly held Wollongong medical precinct
Significant tenant investment in fit out with high likelihood of long term tenant retention
100% leased to subsidiaries of ASX listed Sonic Healthcare (ASX: SHL), one of Australia’s largest healthcare company
Significant 2,787m²* MU1 Mixed Use zoned site allowing for considerable vertical expansion possibilities
Current net income of $743,814pa* plus GST & Outgoings
Fully refurbished in 2017, the facility comprises an NLA of 1,184m²* and 36 onsite car parks

*approximately as at 31 March 2025