Rare Investment Opportunity - Entire Block of 10 Units

A rare opportunity to secure an entire block of 10 residential units under one ownership, offering multiple established income streams and significant scope to enhance future returns.

Held in the same ownership for approximately 50 years, the complex is of solid double brick construction with a terracotta tiled roof, providing a durable and traditionally low-maintenance investment.

The complex comprises:

- 8 x 2-bedroom, 1-bathroom units
- 1 x 1-bedroom, 1-bathroom unit
- 1 x 3-bedroom, 1-bathroom unit

Currently returning approximately $270-$280 per week per unit, the property is considered to be below current market rental levels, presenting immediate potential for rental growth. The units remain largely in original condition, providing further opportunity to progressively renovate kitchens and bathrooms, modernise the accommodation and strengthen the long-term revenue stream.

The property has maintained an excellent occupancy record, with additional features including off-street parking for approximately six vehicles and a common laundry located on the ground level.

With 10 individual tenancies contained within one holding, this is an outstanding opportunity for investors seeking scale, diversified rental income and considerable value-add potential.

Positioned right in the heart of Wollongong CBD, the property enjoys exceptional everyday convenience. Wollongong Central is only a few minutes' walk away, North Wollongong Train Station is approximately 10 minutes on foot, and Beaton Park is also within easy walking distance, placing shopping, transport, recreation, schools, university facilities, restaurants and the beach all within close reach.

An Information Memorandum is available upon request.

Expressions of Interest close at 4:00pm on 5 November 2026.

Inspections

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School catchments

Smiths Hill High School Secondary 7-12 Government 0.22km
Wollongong Public School Primary K-6 Government 0.68km
St Mary Star of the Sea College Secondary 7-12 Independent 1.1km
St Brigid's Catholic Primary School Primary K-6 Catholic 1.2km
Keira High School Secondary 7-12 Government 1.3km
Wollongong High School of the Performing Arts Secondary 7-12 Government 1.3km
Gwynneville Public School Primary K-6 Government 1.4km
Elonera Montessori School Combined K-12 Independent 1.7km
Keiraville Public School Primary K-6 Government 2.0km
Mount Ousley Public School Primary K-6 Government 2.1km
Good Samaritan Catholic Primary School Primary K-6 Catholic 2.2km
Wollongong West Public School Primary K-6 Government 2.3km
St Therese Catholic Primary School Primary K-6 Catholic 2.4km
Coniston Public School Primary K-6 Government 2.5km
The Illawarra Grammar School Combined K-12 Independent 2.6km
Fairy Meadow Public School Primary P-6 Government 3.0km
Edmund Rice College Secondary 7-12 Independent 3.0km
Pleasant Heights Public School Primary K-6 Government 3.1km
Towradgi Public School Primary K-6 Government 3.1km
Mount St Thomas Public School Primary K-6 Government 3.2km
Figtree High School Secondary 7-12 Government 4.4km
Corrimal High School Secondary 7-12 Government 4.8km
Holy Spirit College Secondary 7-12 Catholic 6.1km
Illawarra Christian School Combined K-12 Independent 6.6km
Warrawong High School Secondary 7-12 Government 7.3km
Cedars Christian College Combined K-12 Independent 7.4km
Illawarra Sports High School Secondary 7-12 Government 8.1km
Woonona High School Secondary 7-12 Government 8.1km

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.

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