86 Deakin Street

Oak Flats NSW 2529

0 m²

Block of units

Currently for sale - view listing

Overview

Block of Two Flats with Development Potential on 822-sqm Block

Positioned on a substantial 822-sqm block with a wide frontage of over 18 metres, this is an outstanding opportunity for astute investors and developers. Offering potential scenic Lake Illawarra views and excellent future development potential (subject to council approval), the property comprises two self-contained two-bedroom units. Situated just moments from Stockland Shellharbour Shopping Centre, cinemas, local public schools, sporting fields, and transport links, it is currently fully tenanted. The combined rental return of $860 per week. There is potential for a 10% increase at the beginning of 2027 Whether you choose to hold as a high-yielding investment or unlock its land value through future redevelopment (STCA), this property represents an incredible opportunity in Oak Flats. Property Features * Substantial 822-sqm block with an impressive frontage of over 18 metres * Excellent future development potential with potential Lake Illawarra views (STCA) * Dual-occupancy property featuring two self-contained, two-bedroom units * Fully tenanted with a combined rental return of $860 per week * Comfortable carpeted lounge and dining areas with open-plan layouts * Outstanding location close to Stockland Shellharbour Shopping Centre, cinemas, public schools, sporting fields, and public transport Approximate Figures * Council Rates: $846 per quarter * Water Rates: $202 per quarter plus usage * Current Rent: $860 total combined rent per week All Residential has made every effort to ensure the accuracy and thoroughness of the information provided in our marketing material, we do not guarantee the accuracy of the information provided by our vendors. Regarding the accuracy of the information provided, All Residential makes no statement, representation or warranty and assumes no legal liability to its accuracy. Interested parties should conduct their own due diligence. All marketing material, including but not limited to, maps, photographs, images, and other visuals are solely for marketing purposes.