Block of 4 Units with Future Re-Development Opportunity (STCA)
Proudly presenting this great investment opportunity that boasts future development potential (STCA) featuring a full brick complex of four units, all on one title in a sort after location on the outskirts of Wollongong CBD.
This property offers 1x three-bedroom unit with three bathrooms, 1x one bedroom unit and 2x two-bedroom units. Providing 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)
All units are well proportioned with comfortable living spaces, well-appointed kitchens, sizeable bedrooms and bathrooms, internal laundries with ample storage and on-site car spaces.
Potential rental return is $104,000 per annum (Gross)
Current rental returns:
Unit 1 – Owner Occupied (Potential return $750 per week)
Unit 2 - $350 per week (Expires June 2025)
Unit 3 - $450 per week (Expires June 2025)
Unit 4 - $450 per week (Expires June 2025)
The property is situated on a near level 936m2 block with a 20.2 frontage, R2 zoned.
Whether you're looking to add to your portfolio, embark on a development project, or simply capitalise on the prime location, this property offers endless possibilities for the astute investors.
Positioned perfectly on the outskirts of Wollongong CBD, short walk to Gwynneville’s vibrant Village, cafes, restaurants and local shops, public transport at your doorstep with the free shuttle bus, Wisemans Park Bowling Club and Beaton Park Leisure Centre, University, Tafe, Public & Private hospitals and local beaches.
Key Features Include:
- Ultimate Investment with 4x units on 1 title
- 1x three-bedroom unit, 1x one bedroom unit & 2x two-bedroom units
- Potential rental return of $104,000 per annum (Gross)
- Brick construction with on-site parking spaces
- Situated on a level 936m2 block with 20.2m frontage, R2 Zoned
- Opportunity to explore strata possibilities or Re-development (S.T.C.A.)
Outgoings:
Council Rates $3268 per annum
Water Rates $3044 per annum
*** Sold by Anthony Sorace - 0413 690 459 - A-List Property Group***
Disclaimer:
Whilst A-List Property Group has made every effort to ensure the information supplied to you in our marketing material is correct, we cannot guarantee the accuracy of the information provided by our Vendors, and as such, A-List Property Group makes no statement, representation, or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.
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