Block of Five Flats in the city!

Fantastic investment only a short stroll to Wollongong Hospital, Central station and Wollongong CBD. The complex is situated in a perfect location for medical staff or health professionals seeking accommodation. Comprising of 3 x 2 B/R and 2 x 1 B/R units, the top floor being a 2 B/R penthouse style unit. The property is a solid and well-constructed block of late 1960s residential units on one title. The majority of units have been renovated internally and are well up to rental standard. With an abundance of new construction being completed around Wollongong, including the new private hospital only meters away, this is a perfect opportunity to achieve a magnificent property for your portfolio. Lease, renovate further the options are endless! Request a full information memorandum for the balance of details.
Features -
* Land size 21.8 x 30.5 = 651m2 approximately
* Currently returning $76,180 p.a
* Wollongong Hospital and free bus is a short stroll away
* Complex has some further development potential
* Most units have renovations
* The property was built in the late 1960's