Comelli Commercial Business and Property Sales

Comelli Commercial Business and Property Sales We have operated in Wollongong for over 50 years specialising in local commercial property management and sales and business sales

Comelli Commercial Business & Property Brokers: Your trusted partner in Wollongong's commercial real estate market for over 55 years. As experienced business brokers and property management experts, we specialise in commercial sales, business sales, and leasing opportunities across NSW. As experienced business brokers, commercial property specialists, and mergers and acquisitions advisors, we specialise in commercial sales, business sales, leasing opportunities, and strategic transaction support across NSW. Our dedicated team navigates the complexities of commercial real estate, assisting clients in acquiring, selling, and renting properties for diverse business operations. With a deep understanding of the local market and a commitment to excellence, we offer tailored solutions for all your commercial property needs. Whether you're looking to expand your business, invest in prime commercial real estate, or find the perfect location for your venture, Comelli Commercial has the expertise to guide you through every step. Our comprehensive services include commercial property management, ensuring your investments are well-maintained and profitable. With decades of experience and a client-focused approach, we're here to help you make informed decisions and achieve your commercial real estate goals in Wollongong and beyond.

$354 million in businesses sold.At Comelli, business sales are handled with judgement, discretion and proper elbow greas...
24/09/2026

$354 million in businesses sold.

At Comelli, business sales are handled with judgement, discretion and proper elbow grease. From preparation to negotiation, they do the work behind the result.

For business sales, acquisitions and commercial advisory, visit comelli.net.au.

Outgoings, statements and annual recoveries can materially affect the true cost of occupying a commercial property. For ...
18/09/2026

Outgoings, statements and annual recoveries can materially affect the true cost of occupying a commercial property.

For tenants, missed details can mean paying more than expected.

For owners, poor recovery management can mean income is left behind.

At Comelli Commercial, we review the lease, audit the statements and assess recoveries with commercial precision, so both cost and income are properly understood.

Commercial property is more than the headline rent.

The details matter!

Would you like a free audit of your lease? Link in the comments!

The owner who had income coming in and still was leaving value behind... a true story. One we read often in our audits.D...
10/09/2026

The owner who had income coming in and still was leaving value behind... a true story. One we read often in our audits.

Do you know how it happens? Income can create a false sense of comfort.

A business can be profitable, a commercial property can be leased, etcetera, and the owner can see money arriving each month, assuming the asset is performing well.

The deeper picture tells the "in-between-the-lines" story.

In M&A, a business may be making money while still carrying weak systems, unclear records, owner dependency, exposed contracts or a lease that will concern a buyer.

In commercial property, rent may be paid while the lease sits below market, key dates are missed, outgoings are under-recovered or unused development potential remains hidden.

Activity can look like performance.

A proper audit asks the harder question: is the asset producing the best result available?

We'll never get tired of repeating this important takeaway: great value comes from structure, preparation and clear commercial oversight.

Why are we offering a FREE property management audit?We've been around since 1967; we know a thing or two. We're a multi...
03/09/2026

Why are we offering a FREE property management audit?

We've been around since 1967; we know a thing or two.

We're a multi-generational family business built with elbow grease, good old values and a passion for meticulous work.

We know how hard people have worked for their properties, and we are on a mission to ensure they get the best return possible.

Our free audit is designed to uncover all the potential losses and the practical solutions.

For example.......we recently reviewed a commercial property in Wollongong that looked straightforward on paper.

National tenant.
One tenant only.
Long lease.
Rent paid each month.

The owner thought the property was taking care of itself.

But the audit told a different story.

The lease had no proper market review. The rent was sitting around $105,000 per year, while the market was closer to $155,000. The tenant had also exercised an option outside the correct timeframe, which meant there had been an opportunity to reset the lease, renegotiate the rent and protect the asset long term.

Instead, that opportunity had been missed.

The result was around $250,000 lost over the five-year period, and potentially close to $1,000,000 over the life of the lease.

Not because the tenant was bad.
Not because the property was vacant.

Because no one was actively reviewing the lease, the timing and the structure.

That is exactly why we do the audit.

Commercial property is never just rent coming in.

The lease is the asset. And if it is not being watched properly, the losses can sit quietly in the background for years.

About Us

Comelli Commercial is a multi-generational family business established in 1967. Based in Wollongong and working across commercial property, business sales, M&A and asset advisory, Comelli helps owners protect value, prepare for major decisions and identify practical opportunities before they are missed.

The firm works with commercial property owners, landlords, business owners and investors across Wollongong, Newcastle and broader NSW markets, bringing together local knowledge, commercial discipline and a hands-on approach to asset performance.

Hi all! Check out our new Commercial Property Management page! 😊You can book a free, obligation-free lease assessment an...
31/08/2026

Hi all! Check out our new Commercial Property Management page! 😊

You can book a free, obligation-free lease assessment and learn how the right strategy can help protect and maximise the value of your asset.

You can also explore real case studies showing how lease reviews, tenant conversations, rent structures and asset audits can uncover opportunities that owners may not see on the surface.

Link in first comment!

Comelli Commercial
Established 1967

If you own a commercial property with a “good tenant”, this is worth reading.We recently reviewed a Wollongong asset tha...
24/08/2026

If you own a commercial property with a “good tenant”, this is worth reading.

We recently reviewed a Wollongong asset that looked strong on the surface:

* national tenant
* consistent rent
* long-term lease

But our lease audit revealed something else.

The property was generating around $105,000 per annum plus GST.

Estimated market rent was closer to $155,000.

The tenant was indeed “good”, but the lease structure presented issues.

1. The agreement relied on fixed 3% annual increases, without a proper market review mechanism.

Over time, the rent had fallen behind the market without anyone noticing.

2. The tenant had exercised an option outside the permitted timeframe.

That may have created an opportunity to renegotiate terms or reset the rent closer to market value.

But the date passed.

Estimated impact:

Around $250,000 over the current term.

Potentially close to $1 million over the life of the lease.

This is why commercial leases should be reviewed before key dates arrive, not after.

A good tenant is valuable.

But a good tenant inside an underperforming lease can still cost a landlord a substantial amount of money.

Quick question:

When was the last time your lease was reviewed strategically, not just administratively?

If you would like a complimentary and obligation-free audit, we can give you practical advice on your current lease position.

DM us “audit” and we’ll schedule some time.

We promise it will be worth your time.

Comelli Commercial
Established 1967

The real cost of average management is often measured later, when the owner discovers the rent is below market, the tena...
20/08/2026

The real cost of average management is often measured later, when the owner discovers the rent is below market, the tenant has gained leverage, the building has become harder to lease, or a key decision date has passed.

Good commercial property management should protect the asset before the problem becomes obvious.

Management fees are in plain sight, but missed opportunities are usually much more expensive.

Get a free lease review with us: link in the first comment!

A commercial property owner came to us with a warehouse they were preparing to sell.The tenant had occupied the property...
17/08/2026

A commercial property owner came to us with a warehouse they were preparing to sell.

The tenant had occupied the property since 2019, the rent was being paid, and the owner was seeking a sale price of $2.7 million.

On the surface, it looked like a straightforward commercial property sale.

But before taking it to market, we undertook a detailed audit of the asset.

That audit changed the outcome.

We identified two important opportunities:

The site had capacity for a second building.

The existing tenant was likely to need more space within the next two years.

Rather than selling the property as it stood, we recommended the owner pause the sale, construct the second building and speak with the tenant about their future requirements.

The owner proceeded with the second building at a cost of $600,000.

A new lease was then negotiated with the existing tenant, increasing the total net rental income to $219,200 per annum.

Based on the same 5.3% net yield, the revised asset value increased to $4,135,000.

After allowing for the construction cost, that represented a net value uplift of $715,000.

The value was not created by waiting for the market.

It was created by understanding the asset properly.

This is why a commercial property audit before sale matters.

Some assets are underutilised.

Some have additional land capacity.

Some have tenants whose future needs have not been properly discussed.

Some are being prepared for sale too early.

For commercial, industrial and warehouse property owners across Wollongong, Newcastle, the Illawarra and the Hunter, the question is not only what your asset is doing today.

It is what your asset could do next.

Comelli Commercial can undertake a Free Commercial Property Audit to help identify the current position of your asset, leasing opportunities, development potential and options before you make your next decision.

A commercial property does not always need to be sold as it stands.

Sometimes, the best result comes from understanding what else it can become.

Comelli Commercial
Established 1967

Late last year, a proposed A$36 billion takeover of Santos was close to being signed but, then the buyers walked.The dea...
10/08/2026

Late last year, a proposed A$36 billion takeover of Santos was close to being signed but, then the buyers walked.

The deal would have been the largest takeover in Australian corporate history.

The buyer group, led by XRG, had spent months in due diligence, and yes, there were several public reasons for the collapse: valuation, tax, regulatory risk and political risk.

However... one detail stood out.

During due diligence, the buyers reportedly learned through the media about a long-running methane leak at Santos’s Darwin LNG plant.

Mind you, through the media, instead of the appropriate context: which is the negotiation table.

The lesson is this: a problem you disclose is a negotiating point, but a problem the buyer discovers for themselves can become a breach of trust.

Once trust is lost, the other side starts to question the overall value of the deal.

We know that, because we have spent more than three decades buying, building and selling businesses and property.

The principle is the same whether the asset is worth $36 billion or it is a family-owned business on the South Coast...

Our advice is: put your ugliest problem on the table first - whether it is the unapproved structure, the unresolved dispute, the messy lease – and then price it properly.

Most likely, the problem itself won't kill the deal, but the undisclosed factor most certainly will.

Comelli Commercial

Established 1967

03/08/2026

Leasing or buying? It depends on your business goals.

From flexibility and cash flow to stability and long-term planning, each option has its place. The right decision starts with understanding what works best for your business now and into the future.

Talk to Comelli about your next commercial move.

Address

Suite 2/72 Crown Street
Wollongong, NSW
2500

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm
Sunday 9am - 5pm

Telephone

+61242288622

Website

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