Block of six flats near Wollongong Harbour!

On offer is this amazing once-in-a-lifetime investment opportunity with the upside of further potential. The Torrens-titled complex contains six apartments, each with two bedrooms, and is set in a sought-after beachside location. This well-constructed building is positioned steps away from Wollongong beaches, CBD and the city’s café and restaurant precinct—important attributes for any savvy investor.

All apartments are in original condition, featuring tidy décor with high ceilings, and have genuine potential for simple refurbishment. Each comes with its own lock-up garage and separate storage space. The front apartments are the most spacious in the complex, complete with generous balconies that enjoy the northerly aspect.

This is a one-off opportunity to acquire a magnificent property for your portfolio. Lease, renovate and/or develop, the options are endless! Request a full information memorandum for the balance of details.

Features:
• Further development potential with only a percentage of floor space ratio utilised
• Property built in late 1980s
• Full brick construction with suspended concrete floors
• Gutter and downpipes recently replaced
• Structure, plumbing and electrical all in excellent order
• Wollongong Harbour only 200 m away, and free city bus only 350m

All returns and outgoings are supplied on the information memorandum.