84 Crown St 97,629 SF 100% Leased Office Building Wollongong, NSW 2500 For Sale

Knight Frank proudly presents 84 Crown Street, Wollongong—a premier freehold commercial investment offering a secure, government-backed income stream with exceptional redevelopment potential in one of Australia’s top-performing regional office markets. Anchored by a long-standing commitment from the NSW Government and located in the vibrant heart of Wollongong CBD, this asset represents an unparalleled opportunity for institutional and private investors.
The property comprises four campus-style office levels totaling approximately 9,070 m² of net lettable area, complemented by 140 basement car spaces and multiple street frontages to Crown, Market, and Coombe Streets. Currently leased to Property NSW—with multiple agencies in occupation—the asset provides net passing income of approximately $3.03 million annually, supported by a WALE of 2.7 years by income and 2 x 5-year lease options.
Beyond strong income security, the property sits on a substantial 8,557 m² parcel within the Crown Street Precinct, a location earmarked for significant mixed-use redevelopment. The scale, positioning, and zoning advantages of this holding position it for future large-scale projects that align with Wollongong’s ambitious urban transformation plans.
Just 80 km south of Sydney and within walking distance to premier retail, dining, and public transport, this exceptional investment underscores income resilience and long-term capital growth in a region buoyed by diversified economic fundamentals.