Domain Illawarra Real Estate is delighted to present an exceptional investment opportunity - a solid full brick complex comprising four spacious one-bedroom apartments, currently returning an impressive $69,160 per annum with further scope for rental growth and strategic value-adding (STCA).
Set on a generous parcel 632.3 sqm with dual street access, this tightly held property offers versatility rarely found in today's market. Investors will appreciate the strong existing yield, while developers may explore the potential to strata-title each unit or subdivide (STCA), maximising long-term returns.
Each residence offers an inviting open plan living area flowing seamlessly to a well-appointed kitchen, a generous bedroom with built-in wardrobe, and a solid combined bathroom and laundry. The full brick construction ensures durability, low maintenance, and enduring appeal with a fully renovated unit downstairs.
Ideally positioned within walking distance of beautiful Lake Illawarra and local schools, and only moments from Warrawong Plaza, Port Kembla Beach, swimming pools, and golf club, this is a location that continues to experience strong demand.
Key features:
• Solid full brick construction
• Four spacious 1-bedroom apartments with full renovation to 1
• Strong current income of $1,330 per week and room to increase
• Open plan living with well-presented kitchens
• Large bedrooms with built-in wardrobes
• Solid bathrooms combined with internal laundries
• Excellent potential to strata-title or subdivide (STCA)
• Dual entrance adding flexibility for future development (STCA)
• 632.23 sqm with land dimension 21.95 / 13.72 x 37.06 / 34.67
• Close to Lake Illawarra, schools, shops, beaches, and lifestyle amenities
A rare chance to secure a high-performing, future-proof investment in a thriving coastal suburb.
Disclaimer:
At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.
