Wollongong dining strip with Lupa and Amigos heads to market
A Wollongong CBD site with seven restaurants including Lupa, Ruki and Amigos is for sale.
A mixed-use building at the corner of Keira Street in Wollongong CBD houses seven food and drink businesses. The site stretches 76 metres along Keira Street.
The site includes established tenants like Lupa, Ruki, Amigos and Rustic Thai. Leases run one to three years.
The property generates about $457,000 in gross annual revenue. Vacant space could earn about $450,000 once leased.
Heritage-listed shopfronts apply restrictions. Planning allows for residential, hotel, commercial or mixed-use redevelopment above the current car park.
Expressions of interest close on November 5.
- 76 metres
- Keira Street frontage
- $457,171
- Annual gross revenue
- $450,000 per year
- Vacant space leasing upside
- one to three years
- Lease terms
Why it mattersOwners of established restaurants need to know about potential changes when their landlord shifts.
AustraliaWollongong diners and business operators in the CBD face possible redevelopment that could reshape the dining precinct over the coming years.
✓ Claims checked against the source and corrected before publish. checked 3 h ago
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