Exciting Opportunity For Investors - Block of 4 Two Bedroom Units

Positioned on an expansive 1,000m²+ flat block, 17 Shellharbour Road, Lake Illawarra presents a rare and exciting opportunity for investors seeking scale, flexibility, and long-term upside.
This established unit complex comprises four well-proportioned two-bedroom, one-bathroom units, each offering practical layouts and supported by an undercover carport with a single space allocated for each unit. The configuration makes it ideal to hold as a set-and-forget investment, with strong rental appeal and the ability to generate multiple income streams from a single title.
What truly sets this property apart is the land size and future potential. With an exceptionally generous block for this location, there is clear scope to landbank, renovate, reconfigure, or explore future redevelopment options (STCA), allowing investors to maximise returns over time rather than relying solely on today's yield.
The location further underpins its investment strength. Set along a main arterial road, the property enjoys easy access to public transport, is moments from Warilla Grove Shopping Centre, close to local schools and amenities, and just a short drive to Lake Illawarra and pristine beaches in both Warilla and Windang, ensuring ongoing tenant demand.
Whether you're looking to secure a long-term holding, add value, or plan for future development, this is a standout opportunity in a tightly held coastal pocket with proven growth and demand.
An investor's dream with scale, income, and upside, opportunities like this are increasingly hard to find.
Currently returning a combined income of $1,680.00 per week.

The Auction will take place on Wednesday 25th February 2026 in our brand-new Auction House at Ray White Shellharbour City, Shop 2/18 Addison Street, Shellharbour. Registrations open from 5:00pm, with proceedings commencing promptly at 5:30pm.

Explore the area

School catchments

Lake Illawarra South Public School Primary K-6 Government 0.55km
Warilla North Public School Primary K-6 Government 1.1km
Windang Public School Primary K-6 Government 1.2km
Lake Illawarra High School Secondary 7-12 Government 1.3km
Warilla Public School Primary K-6 Government 1.9km
Mount Warrigal Public School Primary P-6 Government 2.2km
Barrack Heights Public School Primary K-6 Government 2.5km
Warilla High School Secondary 7-12 Government 2.6km
Oak Flats High School Secondary 7-12 Government 3.4km
Amity College Illawarra Campus Combined Independent 3.5km
Balarang Public School Primary K-6 Government 3.6km
Nazareth Catholic Primary School Primary K-6 Catholic 3.9km
Shellharbour Public School Primary K-6 Government 4.0km
Stella Maris Catholic Primary School Primary K-6 Catholic 4.3km
Flinders Public School Primary K-6 Government 4.6km
Oak Flats Public School Primary P-6 Government 4.8km
Primbee Public School Primary K-6 Government 4.9km
Corpus Christi Catholic High School Secondary 7-12 Catholic 5.3km
Lake Heights Public School Primary K-6 Government 5.9km
Shellharbour Anglican College Combined K-12 Independent 5.9km
Illawarra Environmental Education Centre Combined Government 6.7km
Illawarra Sports High School Secondary 7-12 Government 6.9km
Warrawong High School Secondary 7-12 Government 7.0km
Five Islands Secondary College Secondary 9-12 Government 7.4km
Kanahooka High School Secondary 7-12 Government 7.6km
Dapto High School Secondary 7-12 Government 8.6km
Albion Park High School Secondary 7-12 Government 9.1km
St Joseph's Catholic High School Secondary 7-12 Catholic 9.6km
Calderwood Christian School Combined K-12 Independent 10.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.