The Regent Theatre

THE REGENT THEATRE

197-199 KEIRA STREET
WOLLONGONG

INFORMATION MEMORANDUM
AUGUST 2017

Accelerating success.

CONTENTS

01 02

INTRODUCTION EXECUTIVE
SUMMARY
03
04
THE
OPPORTUNITY LAND AND LEGAL
DESCRIPTION

05 06

SALES PROCESS ANNEXURE

07

DISCLAIMER

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01 INTRODUCTION

Known affectionally as ‘The Regent’, this magnificent theatre is undoubtedly one of Wollongong’s
grandest buildings.

For the past 60 years the iconic Regent Theatre has been synonymous with the delivery of film, theatre
and live music, showcasing both screen and live productions within its vast auditorium. This spring an
opportunity of biblical proportions will be offered to a brave few, deemed worthy of competing for this
ultimate prize. The victor will know glory and fame beyond their wildest imagination as they will not
only own a piece of history – but possess the keys to unlocking the future.

Designed in the 1930’s by Reginald Magoffin and completed in 1957, the Regent Theatre is recognised
of State Heritage Significance for both its art deco building architecture and the rare and outstanding
design of its foyer and mezzanine areas by acclaimed Australian interior designer Lady Marion Hall
Best.

Located on Keira Street, in the centre of the CBD, The Regent’s robust geometrical composition of
functionalist and art deco architecture draws you through the imposing five double glass door entrance,
into the Grand Foyer. The mezzanine lounge with remarkable oriental motif décor occupies a vast space
underneath the Dress Circle which is accessed via two split level staircases revealing breathtaking
starry views of the vast 1,600 seat auditorium.

Colliers International is proud to offer The Regent Theatre, one of the few remaining intact grand
cinemas in Australia, for Sale via Expression of Interest.

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02 EXECUTIVE SUMMARY

Address: 197-199 Keira Street, Wollongong NSW 2500
Location: Located at the gateway to Wollongong’s entertainment, dining and shopping precinct at
197 – 199 Keira Street, the Regent Theatre is perfectly located adjacent to the recently
Development completed $250m Wollongong Central Shopping Centre, between 2 major CBD car
Land: parks and only a 7 minute walk from Wollongong Train Station (with a fastest journey
Land Details: time of 1hr 30min to Sydney).
Zoning: Approximately 1,487m²
FSR:
Heritage: Lot 18 DP 6323 and Lot 1 DP 330961
Sale Process:
Zone B3 - Commercial Core (Wollongong LEP 2009)
1.5:1
5937 Heritage Item - General
Expressions of Interest closing Thursday, 12 October at 4pm (AEST)

MARCELO RAMIREZ HARLEY MANSON

General Manager | Wollongong Executive | Commercial
Mob + 61 402 114 604 Mob +61 477 755 952
Email: [email protected] Email: [email protected]
Level 2, 63 Market Street Level 2, 63 Market Street
Wollongong NSW 2500 Wollongong NSW 2500

03 THE OPPORTUNITY

The Wollongong City Centre has undergone a significant economic
transformation.
The city has seen over $1.3 billion worth of capital investment
with projects including GPT’s $275 million expansion and
relocation of David Jones and the Wollongong Central Shopping
Centre, Wollongong City Council’s $22 million investment in urban
public spaces and the construction and expansion of both the
Wollongong Private and Public Hospitals.
Adding to this revitalisation has been the surge in demand for
inner city living which has seen an unprecedented number of
residential projects under construction in the Wollongong City
Centre. It is estimated that the population of the inner city will
increase 150% by 2020 and this expectation has led to an
explosion of cafes, restaurants and small bars in the city.
Fronting Keria Street, which is fast becoming the new
entertainment quarter of the city centre, the Regent is surrounded
by bustling restaurants, cafes and bars. The Regent represents
the perfect opportunity for an astute investor to utilize the air
space above the existing Level 1 officesg, combining traditional art
deco design with modern architectural flare to create truly unique
inner city boutique accommodation (STCA).

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04 LAND AND LEGAL

DESCRIPTION

TITLE DETAILS AND PROPERTY ADDRESS

Lot 18 DP 6323 and Lot 1 DP 330961 / 197-199 Keira Street, Wollongong NSW 2500

TOTAL LAND AREA

Approximately 1,487m²

PLANNING AND ZONING

Zoning: B3 - Commercial Core
Height: 32 metres
FSR: 1.5:1

1 OBJECTIVES OF ZONE
• To provide a wide range of retail, business, office, entertainment, community and other suitable land uses that

serve the needs of the local and wider community
• To encourage appropriate employment opportunities in accessible locations
• To maximise public transport patronage and encourage walking and cycling
• To strengthen the role of the Wollongong city centre as the regional business, retail and cultural centre of

the Illawarra region
• To provide for high density residential development within a mixed use development if it:

(a) is in a location that is accessible to public transport, employment, retail, commercial and service facilities, and
(b) contributes to the vitality of the Wollongong city centre

2 PERMITTED WITHOUT CONSENT
Building identification signs; Business identification signs

3 PERMITTED WITH CONSENT
Advertising structures; Amusement centres; Boarding houses; Car parks; Child care centres; Commercial premises;
Community facilities; Educational establishments; Entertainment facilities; Exhibition homes; Function centres; Helipads;
Hostels; Hotel ormotel accommodation; Information and education facilities; Medical centres; Passengertransport facilities;
Places of public worship; Recreation areas; Recreation facilities (indoor); Recreation facilities (outdoor); Registered
clubs; Respite day care centres; Restricted premises; Roads; Self-storage units; Seniors housing; Service stations;
Sex services premises; Shop top housing; Tourist and visitor accommodation; Veterinary hospitals; Wholesale supplies

4 PROHIBITED
Any development not specified in item 2 or 3

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05 SALES PROCESS

The Property is being offered for sale by Expressions of Interest closing:

Thursday 12 October 2017 at 4:00pm.

For further information, and due dillegence material, please contact Colliers International
Wollongong.

MARCELO RAMIREZ HARLEY MANSON

General Manager | Wollongong Executive | Commercial
Mob + 61 402 114 604 Mob +61 477 755 952
Email: [email protected] Email: [email protected]
Level 2, 63 Market Street Level 2, 63 Market Street
Wollongong NSW 2500 Wollongong NSW 2500



06 ANNEXURE

ATTACHMENTS

A. EOI Form

EOI
FORM

EXPRE

The Property: Lot 18 DP 6323 and Lot 1 DP 330961
The Regent Theatre, 197-199 Keira Street, Wollongong NSW 2500

PURCHASER DETAILS
Purchaser
Company name
ABN / ACN
Contact name
Status (Private company,
noted trust, etc.)

Telephone
Fax
Mobile
Email

PURCHASER SOLICITOR DETAILS
Purchaser’s solicitor
Contact name
Telephone
Fax
Email
Address

Page 1 of 2

EXPRE

OFFER
Purchase price (ex. GST)
Special Conditions

WARRANTIES AND SIGNING
The interested party warrants to the Vendor and the Vendor’s Agent that the signatory to this Expression
of Interest and the person nominated as the contact person for information and negotiation is authorised
to submit this Expression of Interest and negotiate with the Vendor.
Signature
Contact name
Company name
Position
Date
The vendor specifically reserves the following rights:
< To accept or reject any expression of interest at its absolute discretion including the highest expression

of interest made and without having to attribute reasons therefore or to be accountable in any way.
< To extend the closing date.
< To discuss any matter and to deal with any parties submitting an expression of interest at any time

before or after the closing date.

Page 2 of 2

07 DISCLAIMER

This Information Memorandum has been prepared by Colliers International for the information
of potential purchasers to assist them in deciding whether they are sufficiently interested in the
property offered to proceed with further investigation in relation to the property.

The information contained in this report does not constitute any offer or contract of sale; it is
provided as a guide only; and has been prepared in good faith and with due care. Potential
purchasers must take note that the figures and calculations contained in this report are based upon
figures provided to us by outside sources and have not been verified by us in any way. We have no
belief one-way or the other in relation to the accuracy of such information.

Any projections contained in this report represent estimates only and may be based on assumptions
that may be incomplete, incorrect or erroneous. Potential purchasers must satisfy themselves in
relation to all aspects of the report including development potential and cost; market take up; trading;
outgoings; and all other matters a prudent purchaser would consider relevant.

The Vendor, Colliers International or their employees, agents or representatives will not be liable for
any loss or damage resulting from any statement, figure, calculation or any other information that a
potential purchaser relies upon that is contained in this report or any other marketing material.

The property will be traded or sold “as is” and “with all faults”, without any representation or
warranty as to its condition; fitness for any particular purpose; or compliance with any relevant law.

The Vendor reserves the right, at its sole discretion, to postpone or cancel the proposed trade
or sale of the property and to modify or add any terms and conditions to any proposed contract,
vendor’s statement or other material associated with the proposed sale, which may be made
available to a potential purchaser.

Colliers International
Level 2, 63 Market Street

Wollongong NSW 2500

+61 2 4222 7222
www.colliers.com.au