Aside from a strategic presence in the heart of the Crown Street Mall, it's also opposite the Wollongong Central shopping centre, the largest of its kind in the Illawarra region.

A further attraction is the security of two strong tenants - a Telstra Business Centre and a food outlet, Another Burger Joint.

Troy Machan, of MMJ Real Estate, says the building has a versatile floor plan over a total area of 417 square metres.

"It was previously configured into four tenancies on the ground floor," he says.

"The current leases see Telstra and Another Burger Joint with two each and the latter also occupying the upper floor and a mezzanine level."

Telstra's lease is up for renewal in 2019, while the food outlet is locked in until 2024.

"It's pretty rare to see a building like this up for sale in the heart of the retail precinct," Machan says.

"The shopping centre draws tremendous foot traffic and there's always strong demand for businesses to be located as close as possible to the centre of activity.

"This opportunity will hit all the right hot buttons for any commercial investor," he says.

There are some 140 shops in Wollongong Central, including David Jones and Myer, and another 300 in Crown Street Mall.

WOLLONGONG

1 GLOBE LANE

PRICE GUIDE: Net income $191,013, excluding GST

AGENT: Travis Machan, MMJ Real Estate Wollongong, 0447 300 800

AUCTION: Thursday, December 14, 6pm, Wollongong Golf Club

INSPECT: Contact agent