Commercial

37-39 Burelli Street, WOLLONGONG, NSW 2500

  • Overview
  • Details
  • Agent
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Overview

  • EOI:
    EOI:
    Contact Agent
  • Property Area
    Area:
    2007 m2 (*approx)
  • Property Type
    Type:
    Commercial, Hotel Sites
  • Development Approved
    Development Approved:
    4-4.5 star, 241 room luxurious hotel dev

Property Details

Exclusive Hotel Development in the Heart of Wollongong City Centre with Global Hotel Operator
  • 4-4.5 star, 241 room luxurious hotel dev
  • DA approval for 13 levels, 121 car parks
  • International HMA signed for 20 years

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.

*Approx.

**DA approval expected May/June 2021

Remember to mention you found this property on DevelopmentReady.com.au

Agency information

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