Prime Investment Opportunity | 4 Units on 1 title

Unlock exceptional returns with this unique investment property on the city fringe.

This neat block presents a rare opportunity in a central West Wollongong address. A sought after position, while dynamic proximity to Wollongong Public & Private Hospital, University, & the CBD guarantees its blue-ribbon lifestyle appeal now and into the future.

This strategically configured asset comprising of 1 X 2-bedroom unit and 3 X 1-bedroom units, offering diverse rental streams and significant income potential in a high-demand market.

All units are well proportioned with comfortable living spaces, well appointed kitchens, sizeable bedrooms and bathrooms, seperate laundry spaces and car parking.

The property offers endless options for the savvy investor such as, further scope for rejuvenation and improvements internally to increase the rental return and overall value of the property, the potential to strata title these units to then be sold off separately and of course future re-development opportunities with a townhouse or duplex development (STCA) as the property is situated on a level 923m2 block with a 20m frontage, zoned R2.

Current rental return is $80,600 per annum (Gross)

Unit 1: $550 per week | Lease expires: 15/01/26
Unit 2: $340 per week | Lease expired
Unit 3: $300 per week | Lease expired
Unit 4: $360 per week | Lease expires: 23/09/26

With easily achievable scope to further increase rental return.

Features:
- 1 X 2-bedroom unit and 3 X 1-bedroom units
- level 923m2 block with a 20m frontage, zoned R2 with redevelopment potential STCA.
- Further scope for rejuvenation and improvements internally to increase the rental return and overall value of the property
- Proximity to Wollongong Private & Public Hospital alongside CBD

Explore the area

School catchments

Wollongong West Public School Primary K-6 Government 0.61km
St Therese Catholic Primary School Primary K-6 Catholic 0.69km
Gwynneville Public School Primary K-6 Government 0.70km
The Illawarra Grammar School Combined K-12 Independent 0.85km
St Brigid's Catholic Primary School Primary K-6 Catholic 0.88km
Keiraville Public School Primary K-6 Government 1.1km
Edmund Rice College Secondary 7-12 Independent 1.4km
Mount St Thomas Public School Primary K-6 Government 1.7km
Smiths Hill High School Secondary 7-12 Government 1.7km
Wollongong Public School Primary K-6 Government 1.7km
Lindsay Park Public School Primary K-6 Government 1.7km
Coniston Public School Primary K-6 Government 1.9km
Keira High School Secondary 7-12 Government 2.1km
Wollongong High School of the Performing Arts Secondary 7-12 Government 2.2km
St Mary Star of the Sea College Secondary 7-12 Independent 2.2km
Figtree Heights Public School Primary K-6 Government 2.3km
Mount Keira Public School Primary K-6 Government 2.4km
Elonera Montessori School Combined K-12 Independent 2.5km
Figtree High School Secondary 7-12 Government 2.7km
Nareena Hills Public School Primary K-6 Government 2.8km
Mount Ousley Public School Primary K-6 Government 2.9km
Illawarra Christian School Combined K-12 Independent 4.9km
Cedars Christian College Combined K-12 Independent 5.8km
Corrimal High School Secondary 7-12 Government 6.1km
Warrawong High School Secondary 7-12 Government 6.3km
Illawarra Sports High School Secondary 7-12 Government 6.8km
Holy Spirit College Secondary 7-12 Catholic 7.4km
Five Islands Secondary College Secondary 9-12 Government 8.0km

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.

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