CBRE is pleased to offer to the market Original Mattress Factory (OMF) Warrawong located at 87-89 King Street, Warrawong (Wollongong) NSW, for sale via Forthcoming Auction.

This opportunity has the following key investment highlights:

+ Renewed 7 year lease to 2033 (longstanding occupancy on-site 18+ years)
+ Original Mattress Factory (OMF): National large format retailer & Australia’s largest sleep specialist with 50 retail stores and 2 distribution centres covering 3 states and 1 territory, subsidiary of Comfy Commercial Group
+ Key LFR precinct, with prime exposure to vital NSW South Coast arterial, King Street with exposure to thousands of vehicles passing daily
+ Strategic and tightly held location surrounded by national and international tenants including McDonald’s, The Good Guys, BCF, KFC, The Bayview Centre and the soon to be redeveloped Warrawong Plaza, anchored by Woolworths, ALDI and Coles, rezoned for 1,300* new homes
+ Positioned on a highly exposed 1,271 sqm* freehold highway landholding, with 36m* of frontage to King Street, benefiting from 10 valuable on-site parking spaces
+ Impressive 665sqm* showroom with vital roller door loading bay access and highway exposure
+ Attractive rent review structures linked to CPI annually (capped at 4%)
+ Easily managed single tenant LFR investment in key NSW South Coast growth area
+ Warrawong: suburb of Wollongong, a highly sought after location in NSW’s South Coast with population forecast to grow by 30% to 291,797 by 2046^, 8km* to Wollongong CBD.
+ Net Income: $173,724 pa* + GST

To be sold via Forthcoming Auction.

Please contact the exclusively appointed sales team for more information.

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