Oh!- Sorry, didn't you know?
Well for the benefit of all those who're reading this thread from the Illawarra and surrounds, as well as those with an interest in Independent Toy Stores too I guess:
The Illawarra Mercury: January 12th 2015.
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Here's a brief snippet of the story which basically gives all the necessary details.
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I haven't been out to Shell Harbour Square to be able to confirm for certain, but going off of some of these comments it'd seem that the Shellharbour store is also closed.
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Bit sad really, this is the store that supplied me with many an early '06 Classics figure, including the 2x "Deluxe" Deluxes that now reside in Trev's collection as well as a number of ROTF Human Alliance Mudflaps (That were HELL of rare) that I middle-manned for fellow members, including Griffin.
Sadly, for Wollongong, this is just another in a long-Long-LONG list of businesses that have closed down and means that we'll be even more reliant on Sydney stores and Online Retail.