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Savills are pleased to exclusively present ‘Hotel Burelli’, 37-39 Burelli Street, Wollongong to market for consideration to purchase. Comprising of an proposed 241 room luxurious hotel in the Heart of Wollongong city centre and with terms agreed with a global Hotel Operator, the asset has DA approval for 13 levels, with additional signature food and beverage, lounge, mezzanine and gym facilities**.
- 4-4.5 star Upscale to Upper Upscale hotel development sitting on a significant 2,007sq m* site
- Various F&B options, Lifestyle Gym, Rooftop Terrace and 121 car parking spaces
- Prime location within the heart of Wollongong’s city centre, surrounded by numerous cafes & restaurants, shopping amenities, Illawarra Performing Arts centre & Art Gallery, WIN Stadium & Sports Entertainment Centre and famous beaches & rock pools
- Turn-key delivery by the Vendor, with funding payment, and an experienced operator, development, construction, and consultant team agreed
- Initial expected return in excess of $6,000,000
For Sale by International Expressions of Interest closing 2pm Thursday 18 March 2021.
For further information or to arrange an inspection, please contact the exclusive agents below.
**DA approval expected May/June 2021
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