Under Contract
16 Bed • 8 Bath • 8 Car • 1488m²
New
Under Offer
Under Offer
22 Cross Street, Corrimal NSW 2518
Under Contract
- 16Bed
- 8Bath
- 8 Car
- 1488m²
Block of Units under offer
Home loan calculator
The monthly estimated repayment is calculated based on:
Listed display price: the price that the agent(s) want displayed on their listed property. If a range, the lowest value will be ultised
Suburb median listed price: the middle value of listed prices for all listings currently for sale in that same suburb
National median listed price: the middle value of listed prices for all listings currently for sale nationally
Note: The median price is just a guide and may not reflect the value of this property.
What's around Cross Street
Block of Units description
“Rare Development Opportunity - Unlock Your Future!”
Discover an extraordinary investment prospect that beckons endless potential. This unique offering presents an entire block of units, complete with Development Approval (DA) for Strata Subdivision, along with captivating concept sketch to add two more units to this exceptional site (STCA).
This distinctive property comprises eight spacious 2-bedroom units, each thoughtfully designed with its private lock-up garage, individual laundry facilities, and a personal balcony, offering an unparalleled living experience.
Situated on a level expanse of 1,488sqm, the property graces a picturesque location with sweeping northward views over the escarpment. It's just a leisurely stroll away from the train station and other convenient transportation options.
Furthermore, seamless access to the freeway ensures a smooth commute to both Wollongong and Sydney. In Corrimal, local amenities are within easy reach, enhancing the allure of this investment.
All units have a robust rental history and are currently leased, generating a substantial gross rental income of $176,800 with immediate potential for growth.
Consider implementing interior enhancements to these units and watch your returns multiply exponentially. The possibilities are limitless. You can opt to maintain the status quo and reap the benefits of rental income. Alternatively, you could proceed with strata title completion and the construction of the proposed additional units (STCA), opening doors to a remarkable project's profits. You might even consider including this exceptional investment in your super fund, capitalizing on this rare piece of real estate.
This exceptional opportunity is poised to sell quickly. Reach out today to Greg Ellul or Michael De Gori to secure further information the strata plans, explore the feasibility, and schedule an inspection. Your future prosperity awaits.
The Important Numbers:
Council Rates - $1,347pq
Water Rates - $1,462pq
Insurance - $8,000pa (approximately)
*This advertising has been prepared by MMJ Real Estate (MMJ) for the purpose of advertising and general information only. MMJ do not guarantee, represent, or warrant that the information contained in this advertising is correct. Any interested party should undertake their own inquiries as to the accuracy of the information published.
Council rates
$1347 QuarterlyLand details
What's around Cross Street
Inspection times
Contact the real estate agent
Greg Ellul
MMJ Real Estate - North
Send an enquiry
Nearby schools in and around Corrimal, NSW
Top reviews by locals of Corrimal, NSW 2518
Discover what it's like to live in Corrimal before you inspect or move.
Discussions in Corrimal, NSW
Wondering what the latest hot topics are in Corrimal, New South Wales?
Similar Block of Units for sale in Corrimal, NSW 2518
Properties for sale in nearby suburbs
- 16
- 8
- 8
- 1488m²