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For sale
lot 1 (201)/59-61 Kembla Street,
Wollongong 2500, New South Wales
$395,428
Property details
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Agents
Current Return: 6.16% = $468.92 per week
Been hunting for a high returning investment without any hassles look no further than this commercial serviced apartment located in the Quest Apartments centrally positioned in the heart of Wollongong CBD.
This serviced apartment offers one generous bedroom, combined lounge dining off the kitchen, large terrace area and single car allocation.
The lease has been signed until 2030 and options until 2040 making this investment easy for the astute investor and or self-managed super fund.
Recent renovations include:
Bright kitchen with stainless steel appliances & dishwasher
Split system air conditioning to living area & ceiling fan to bedroom
Built in wardrobe to main bedroom & additional storage in bathroom
Large combined bathroom & European laundry
Plenty of natural light & refreshing neutral palette
The current rental return is $2,032 per month with guaranteed 4% increase annually. These serviced apartments are purely a set and forget investment but please note that they cannot be occupied by the owner.
Please contact Lindsay Begley to register your interest.
Lease details:
* Rent as of July 2026: $2,032 per month = $24,384 per annum
* Current Return: 6.16% = $468.92 per week
* Next Market Review = June 2030
Lease terms, rent reviews and increases:
* Lease to June 2030 with 2 x 5 year options
* 4% yearly increase with market rent reviews every 5 years (next due June 2030)
Rates & Outgoings: Council: $381 pq | Water: $217 pq
Strata Administration Fee: Paid by Tenant (Quest)
Capital Works Fund: $512 pq
Disclaimer: All prospective purchasers are encouraged to get their own independent financial and legal advice.
This serviced apartment offers one generous bedroom, combined lounge dining off the kitchen, large terrace area and single car allocation.
The lease has been signed until 2030 and options until 2040 making this investment easy for the astute investor and or self-managed super fund.
Recent renovations include:
Bright kitchen with stainless steel appliances & dishwasher
Split system air conditioning to living area & ceiling fan to bedroom
Built in wardrobe to main bedroom & additional storage in bathroom
Large combined bathroom & European laundry
Plenty of natural light & refreshing neutral palette
The current rental return is $2,032 per month with guaranteed 4% increase annually. These serviced apartments are purely a set and forget investment but please note that they cannot be occupied by the owner.
Please contact Lindsay Begley to register your interest.
Lease details:
* Rent as of July 2026: $2,032 per month = $24,384 per annum
* Current Return: 6.16% = $468.92 per week
* Next Market Review = June 2030
Lease terms, rent reviews and increases:
* Lease to June 2030 with 2 x 5 year options
* 4% yearly increase with market rent reviews every 5 years (next due June 2030)
Rates & Outgoings: Council: $381 pq | Water: $217 pq
Strata Administration Fee: Paid by Tenant (Quest)
Capital Works Fund: $512 pq
Disclaimer: All prospective purchasers are encouraged to get their own independent financial and legal advice.
Inspections
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School catchments
- Wollongong Public School Primary K-6 Government 0.21km
- St Mary Star of the Sea College Secondary 7-12 Independent 0.41km
- Smiths Hill High School Secondary 7-12 Government 0.65km
- St Brigid's Catholic Primary School Primary K-6 Catholic 1.7km
- Coniston Public School Primary K-6 Government 1.9km
- Gwynneville Public School Primary K-6 Government 1.9km
- Keira High School Secondary 7-12 Government 2.2km
- Wollongong High School of the Performing Arts Secondary 7-12 Government 2.2km
- Wollongong West Public School Primary K-6 Government 2.4km
- St Therese Catholic Primary School Primary K-6 Catholic 2.5km
- Elonera Montessori School Combined K-12 Independent 2.5km
- The Illawarra Grammar School Combined K-12 Independent 2.5km
- Keiraville Public School Primary K-6 Government 2.5km
- Mount St Thomas Public School Primary K-6 Government 2.9km
- Mount Ousley Public School Primary K-6 Government 3.0km
- Good Samaritan Catholic Primary School Primary K-6 Catholic 3.0km
- Edmund Rice College Secondary 7-12 Independent 3.3km
- Lindsay Park Public School Primary K-6 Government 3.5km
- Fairy Meadow Public School Primary P-6 Government 3.8km
- Pleasant Heights Public School Primary K-6 Government 3.9km
- Figtree High School Secondary 7-12 Government 4.2km
- Corrimal High School Secondary 7-12 Government 5.6km
- Warrawong High School Secondary 7-12 Government 6.5km
- Illawarra Christian School Combined K-12 Independent 6.6km
- Holy Spirit College Secondary 7-12 Catholic 6.9km
- Cedars Christian College Combined K-12 Independent 7.2km
- Five Islands Secondary College Secondary 9-12 Government 7.4km
- Illawarra Sports High School Secondary 7-12 Government 7.5km
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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Floorplan
Contact Lindsay Begley
Contact Lindsay Begley
Lindsay Begley
lot 1 (201)/59-61 Kembla Street, Wollongong NSW 2500
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Lindsay Begley
lot 1 (201)/59-61 Kembla Street, Wollongong NSW 2500