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.