110-112 Gladstone Avenue, Coniston, NSW

Sold | $2,285,000 |
12 6 6

High performing block of flats, only moments from the CBD!

Presenting an unmissable investment opportunity, this six-unit complex is being offered to the market for the first time.

Set on a 997 m2 block with an R3 Medium Density zoning, each unit contains two bedrooms, one bathroom, a balcony, and comes with a designated off-street parking space. All units are currently rented with a combined gross rental return of $105,560 per annum with the potential to increase.

Conveniently located within walking distance to Coniston train station, local cafes and a short 5-minute drive to Wollongong's CBD. Easy access to the freeway places you within an 80-minute drive to the Sydney CBD.

Consistently experiencing high capital growth, Coniston appeals to the savvy investor who is also seeking great cashflow.

Additional complex features include:

• Each unit contains internal laundry
• Zoned R3 (0.75:1FSR & 13 m Height Limit)
• Plenty of potential to add capital improvements (STCA)
• Short drive or walk to Wollongong CBD, beaches and public transport.

For more information, please call Cooper Reed on 0447 178 967.

Key Features
Property Type
Block Of Units
Car Spaces
6
Bedrooms
12
Bathrooms
6
Land Size
997 sqm
Council Rate
$1,037.48 Quarterly
Property ID:
3P13668
Auction:
Tuesday, 28th February, 6:00pm
Auction venue:
MMJ Wollongong, 6-8 Regent Street, Wollongong
Contact Agents

Email Agent Call Agent
Office: MMJ Real Estate, Wollongong
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