Rare investment opportunity with significant development upside!

Offered to the market for the first time, this is an exceptional chance to secure two separate unit blocks at 51 Heaslip Street and 1 Pine Crescent, Coniston. Comprising a total of eight units, each featuring one bedroom (one unit with two bedrooms), one bathroom and a lock-up garage, this opportunity is not to be missed. All units are in neat original condition, offering the perfect opportunity to renovate and add value.

Generating a strong rental return of $122,720 per annum, these properties provide immediate cash flow while offering significant potential for future capital improvements (STCA). Situated in a high-growth area with strong rental demand, Coniston is the perfect investment for those seeking steady income and long-term capital appreciation. This block consists of significant development upside, currently DA approved for 4 generous dwellings.

Conveniently located within walking distance to Coniston train station, local cafes and a 3-minute drive to Wollongong's CBD. Easy access to the freeway places you within an 80-minute drive to Sydney CBD.

Key features:
• 51 Heaslip Street (625 m²) + 1 Pine Crescent (734 m²) = total 1,359 m²
• DA Approved for 4 dwellings (Plans available on request).
• Comprising of 8 Units (7 x 1-bedroom units & 1 x 2-bedroom unit).
• Ocean and city views
• Set in CBD fringe locale only moments' drive/walk from Wollongong CBD and stunning local beaches
• Walking distance to public transport and shops for easy commuting.

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





Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.