Strata block of flats, CBD and beachside address

Exceptionally well-maintained block of six 2-bedroom units, strata titled to provide flexibility in the management of this fabulous investment. Coupled with its high-demand rental address, this property delivers the opportunity for excellent capital growth in the years to come.

This rare offering also features:
• Approx 1980 construction date
• Six units, all well-proportioned and each with a separate internal laundry
• Varied condition throughout complex, from notably modernised units to more dated finishes
• Generous garage for each unit; Strata Plan shows sizes from 27 m2 to 43 m2
• Common areas in excellent order, recently refurbished
• Outstanding tenant history: one 43-year resident; another a resident for 20 years
• Market rental approx. $141,700 Gross Annual Return
• Convenient location: 8 minutes to Wollongong Harbour and City Beach; 5 minutes to Wollongong Central shopping mall; 10 minutes to WIN Sports & Entertainment Centres (approximate stroll times).

Building Report has been undertaken by Home Right Building Inspections.

Information pack contains tenancy lease details.