25 Keira Street

Wollongong NSW 2500

613.4 m²

Block of units

Currently for sale - view listing

Overview

Rare Investment Opportunity - Entire Block of 10 Units

A rare opportunity to secure an entire block of 10 residential units under one ownership, offering multiple established income streams and significant scope to enhance future returns. Held in the same ownership for approximately 50 years, the complex is of solid double brick construction with a terracotta tiled roof, providing a durable and traditionally low-maintenance investment. The complex comprises: - 8 x 2-bedroom, 1-bathroom units - 1 x 1-bedroom, 1-bathroom unit - 1 x 3-bedroom, 1-bathroom unit Currently returning approximately $270-$280 per week per unit, the property is considered to be below current market rental levels, presenting immediate potential for rental growth. The units remain largely in original condition, providing further opportunity to progressively renovate kitchens and bathrooms, modernise the accommodation and strengthen the long-term revenue stream. The property has maintained an excellent occupancy record, with additional features including off-street parking for approximately six vehicles and a common laundry located on the ground level. With 10 individual tenancies contained within one holding, this is an outstanding opportunity for investors seeking scale, diversified rental income and considerable value-add potential. Positioned right in the heart of Wollongong CBD, the property enjoys exceptional everyday convenience. Wollongong Central is only a few minutes' walk away, North Wollongong Train Station is approximately 10 minutes on foot, and Beaton Park is also within easy walking distance, placing shopping, transport, recreation, schools, university facilities, restaurants and the beach all within close reach. An Information Memorandum is available upon request. Expressions of Interest close at 4:00pm on 5 November 2026.