Prime Commercial/Residential Development Opportunity - First Time Offered in Over 50 Years!
The Phone Code for this property is: 87369. Please quote this number when phoning or texting.
We are proud to present this rare and versatile property, ideally positioned in one of Wollongong's most sought-after mixed-use precincts. This dual-income site offers a unique blend of residential and commercial appeal, making it a must-have addition to any savvy investor or developer's portfolio.
Current Configuration
2-Bedroom Cottage - Classic single-level home with character and charm
Established Commercial Business - Long-standing auto mechanic workshop with secure tenancy potential
Combined Rental Return - $50,784 p.a. (approx.)
Tenants Willing to Stay - No current lease in place, offering flexibility for buyers
Property Features
Zoning: MV.1 Mixed Use - Residential/Commercial
Land Size: 1,324sqm (approx.)
Corner Block with Dual Street Frontage
High-Rise Development Potential (STCA)
Infrastructure Includes:
Triple bay garage
Triple carport
Workshop + large office space
Solid brick construction
Ample off-street parking
Location Highlights
Walking distance to shops, cafes, restaurants, pubs
Close to public transport, Beaton Park, and Wollongong CBD
Minutes to both Wollongong Public & Private Hospitals and the University of Wollongong
Short drive to award-winning beaches and coastal attractions
Endless Potential - Live, Work or Develop (STCA)
Don't miss your chance to secure this blue-chip property with unmatched upside in one of the Illawarra's most dynamic corridors.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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