2 First Street, Wollongong NSW 2500

Re-Development Potential!

This block of units is in a prime location, situated in a quiet Cul-de-sac and only minutes away from the centre of Wollongong and all its amenities; transport, schools plus numerous eateries & bars. This sturdy double brick block of 8 units is the perfect investment opportunity, the likes of which will rarely be seen again!

Comprising 7 x two bedroom and 1 x one bedroom apartments. The property is a solid, well-constructed and on one title. There is a parking space for each apartment.
Lease, renovate or strata there are many options to consider.

Features include

* Land size 684m2' 16.92m X 40.23m
* Rental Return $130,520 pa
* Two storey full brick building is a strong candidate for strata sub-division (STCA).
* Set in a quiet cul de sac and very close to the city centre, beaches and transport
* Impressive selection of restaurants and bars just a short stroll away
* Complex has further development potential
* Structure, Plumbing and electrical is all in excellent order.
* Information package available on request.